As the quantity of labor employed increases,the production functions exhibits a
A) positive,linear relationship.
B) positive relationship,with each additional unit of labor producing less additional real GDP.
C) positive relationship,with each additional unit of labor producing more additional real GDP.
D) negative,linear relationship.
E) U-shaped curve.
Correct Answer:
Verified
Q48: _ in the United States _ in
Q49: Q50: Diminishing returns,so that each additional hour of Q51: Employing an additional 1 billion hours of Q52: Q54: As more labor is hired,moving along the Q55: In 2011,real GDP in the United States 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![]()
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