In Figure 21.1, diminishing marginal returns first occur with the
A) Fifth worker.
B) Fourth worker.
C) Third worker.
D) Second worker.
Correct Answer:
Verified
Q3: The short-run production function shows how output
Q5: Q7: Q12: If a firm could hire all the Q13: Greater labor productivity means Q13: Ceteris paribus, the law of diminishing returns Q17: Labor productivity will increase in response to Q19: The period in which at least one Q19: A production function shows the Q20: Which of the following is the slope
A)Lower output per labor-hour.
B)Higher
A)
A) Minimum amount
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