Assume that a firm hires an additional employee.If the marginal product for that employee is greater than for the previous employee hired,it must be because
A) the marginal product of labor is diminishing.
B) all workers are paid the same wage.
C) the workers all perform the exact same set of tasks.
D) there are gains from specialization.
E) all workers are not paid the same wage.
Correct Answer:
Verified
Q68: In the short run,the cost of _
Q69: Refer to the accompanying graph to answer
Q70: In the accompanying table,diminishing marginal product begins
Q71: Economists assume that the cost of _
Q72: In the accompanying table,diminishing marginal product begins
Q74: The diminishing marginal product is NOT responsible
Q75: Refer to the accompanying graph to answer
Q76: If the marginal product of an input
Q77: Which of the following costs is fixed
Q78: Refer to the accompanying graph to answer
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