Multiple Choice
Figure 11-3
Fancy Footwear manufactures shoes. Figure 11-3 shows Fancy Footwear's marginal product of labor and average product of labor curves in the short run.
-Refer to Figure 11-3.For what quantity of labor does production start to display diminishing returns?
A) for more than 1 unit of labor
B) for more than 4 units of labor
C) for more than 5 units of labor
D) for more than 8 units of labor
Correct Answer:
Verified
Related Questions
Q98: Figure 11-1 Q99: Who was the economist who first analyzed Q100: If another worker adds 9 units of Q101: Diminishing marginal product of labor occurs when Q102: The division of labor and specialization explain Q104: The marginal product of labor is defined Q105: The law of diminishing marginal returns
A)why,
A)sets in
