-Refer to Figure 4.1, the increase in output from point A to B is less than the increase in output from point B to C because
A) more workers always produce more.
B) better workers are usually hired after the earlier ones .
C) a small number of workers cannot take as good advantage of the division of labor as a larger number.
D) eventually workers are up against the fact that there are fixed inputs and more workers do not add as much.
Correct Answer:
Verified
Q1: Q2: When firms add workers and get more Q3: If the level of an input cannot Q4: When you derive the marginal product of Q5: A graph that maps output against the Q7: The average product of labor is Q8: The marginal product of labor is Q9: When workers subdivide the tasks of a Q10: A key assumption about the way firms Q11: If an input must be increased for
A)The change
A)The change
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents