An increasing marginal product of labor would be most commonly found

Name: An increasing marginal product of labor would be most commonly found
Brand: Quizplus
Rating: 4.9 (41 reviews)

Question

Quizplus · Accepted Answer

An increasing marginal product of labor implies that each additional worker is adding more output than the previous one. This is more likely to occur at lower levels of employment because as more workers are hired, diminishing marginal returns eventually set in and each additional worker adds less and less to total output.

An Increasing Marginal Product of Labor Would Be Most Commonly