Suppose that labor is the only variable input to the production process. If the marginal cost of production is increasing as more units of output are produced, what can you say about the marginal product of labor? If the marginal cost of production is increasing as more units of output are produced, then the marginal product of labor
A. is increasing.
B. is zero.
C. is diminishing.
D. remains constant.
E. is negative.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Suppose that labor is the only variable input to the production process. If the marginal cost of production is increasing as more units of ...” 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
John makes an offer. jane justifiably relies on that offer to her detriment by beginning performance. john cannot revoke his offer any longer because of:
Answers (1)
According to CEO Heidi Ganahl, Camp Bow Wow requires a strong and consistent corporate culture to keep all local franchise owners "on the same page" and to follow a common template for the business and brand.
Answers (1)
The following statements provide some analysis of policy regarding taxes. Categorize each statement as positive or normative. A Taxes are to high B. If taxes were lowered, government revenues would actually increase. C.
Answers (1)
What happens to the surplus payroll taxes generated by social security? the surplus money is deposited into individual workers' personal savings accounts. the surplus money is used to buy u. s. treasury notes.
Answers (1)
The Federal Reserve can: A. simultaneously set any money supply and any nominal interest rate target. B. set the target money supply and target nominal interest rate independently. C.
Answers (1)
New Questions in Business
One characteristic many successful entrepreneurs share includes
Answers (1)
Which statement is true? A diverse workplace can cause people to become prejudiced. Cultural barriers can pose a challenge to creating a diverse workplace. Enforcing the use of English reduces challenges in creating a diverse workplace.
Answers (1)
The costs of materials consumed in producing good units in the Production Department of Jacobs Company were $38,000 and $39,125 for June and July, respectively.
Answers (1)
How would small business owners apply this concepts to maximize his or her wealth?
Answers (1)
One difference between total utility and marginal utility is that
Answers (1)