As more workers are hired, the marginal product of labor typically:

Question

Quizplus · Accepted Answer

The law of diminishing marginal returns states that as more units of a variable input, such as labor, are added to a fixed input, such as capital, the marginal product of that input will eventually decrease. This means that each additional worker hired will contribute less and less to the total output. Therefore, as more workers are hired, the marginal product of labor typically decreases.

As More Workers Are Hired, the Marginal Product of Labor