Ask Question
BusinessBusiness
6 July, 00:43

The law of diminishing marginal product of labor is demonstrated by which of the following?

a. Total output increases only when you increase both labor and ovens.

b. Total output increases at a decreasing rate as you increase the quantity of labor.

c. Total output declines as you increase the quantity of labor.

+4
Answers (1)
  1. 6 July, 01:08
    0
    Option b. Total output increases at a decreasing rate as you increase the quantity of labor.

    Explanation:

    According to the following definition:

    The law of diminishing marginal productivity states that while increasing one input and keeping other inputs at the same level may initially increase output, further increases in that input will have a limited effect and will eventually have no effect, or a negative effect, on output.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “The law of diminishing marginal product of labor is demonstrated by which of the following? a. Total output increases only when you ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
When workers go out on a strike not approved by the union, the strike is called a?
Answers (1)
The price of gasoline is generally higher in Hawaii than in the continental United States. Therefore, the Hawaiian legislature passed a law forbidding gas stations from charging a price higher than the average price of gas on the West Coast of the
Answers (1)
cost of goods sold $212,000 rent expense $32,000freight out $7,000 sales discounts 8,000insurance expense 6,000 sales returns and allowances 13,000salaries and wages expense 58,000 sales revenue 380,000prepare multistep income statement and find
Answers (1)
Fernando was thrilled to find out that his company had just decided to invest a great deal of money in the product he was managing.
Answers (1)
ABC Company keeps their accounting records on the cash basis. During the year, ABC received $260,000 from clients, and ABC paid $85,000 to cover operating expenses.
Answers (1)
New Questions in Business
All of the following food safety hazards can cause food to become unsafe for human consumption, except for: Biological Chemical Metaphysical Physical
Answers (1)
How have technological advancements in knitting affected fabric production? A. by increasing the use of yarn B. by increasing the cost of production C. by increasing design possibilities D. by improving fabric quality E.
Answers (1)
A country that has multinational corporations is most likely to be
Answers (2)
If a tree grew more than 3 feet during the year, how much more likely is it that the tree was at most 50 yards from the river?
Answers (2)
An HP-10BII can solve problems with up to 15 beginning-of-year cash flows when there are no consecutive equal cash flows. True / False.
Answers (1)
Home » Business » The law of diminishing marginal product of labor is demonstrated by which of the following? a. Total output increases only when you increase both labor and ovens. b. Total output increases at a decreasing rate as you increase the quantity of labor.
Sign Up Forgot Password?