Ask Question
BusinessBusiness
11 December, 02:46

The fact that the marginal product falls as the number of workers increases illustrates a property calleda. diminishing marginal product. b. supply and demand. c. labor theory. d. utility maximization.

+3
Answers (1)
  1. 11 December, 04:36
    0
    Answer: The fact that the marginal product falls as the number of workers increases illustrates a property called "a. diminishing marginal product".

    Explanation: The law of diminishing returns is an economic concept according to which increasing the amount of a productive factor in the production of the good or service in question, causes the production yield to be lower as we increase this factor. As long as all other factors are maintained at a constant level (ceteris paribus).
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “The fact that the marginal product falls as the number of workers increases illustrates a property calleda. diminishing marginal product. ...” 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
You expect KT industries (KTI) will have earnings per share of $ 6 this year and expect that they will pay out $ 2.25 of these earnings to shareholders in the form of a dividend.
Answers (1)
Time to do usps in post office. is open on all days or closed saturday
Answers (1)
FireFighters is a company that manufactures smoke detectors. It runs a newspaper advertisement that reminds people of the need to have a smoke detector on every floor of their house.
Answers (1)
A nursing student is initiating a relationship with an assigned client. after meeting and spending approximately 20 minutes talking with the client, the student makes arrangements to visit again after lunch.
Answers (1)
You end the summer with 132 baseball bats in inventory. You only average sales of 12 bats per week over the next 4 months. How long will your supply of bats last?
Answers (2)
New Questions in Business
Ryan is a 25% partner in the rocc partnership. at the beginning of the tax year, ryan's basis in the partnership interest was $90,000, including his share of partnership liabilities.
Answers (1)
Many restaurants roll out new ideas first in Orlando, Florida, a location that attracts a vast range of diverse tourists and thus might offer insights into what various consumer groups will like. This is an example of
Answers (1)
Aubrey uses her credit card to buy some clothes for $552.86. She can pay up to $195 on the credit card each month. What is the total cost of her purchase if the APR on the credit card is 27.3% compounded monthly?
Answers (1)
A local firm has debt worth $200,000, with a yield of 9%, and equity worth $300,000. It is growing at a 5% rate, and its tax rate is 40%. A similar firm with no debt has a cost of equity of 12%.
Answers (1)
Elizabeth sands has decided to purchase a new electric blender and plans to call several friends for updated information about alternative brands.
Answers (1)
Home » Business » The fact that the marginal product falls as the number of workers increases illustrates a property calleda. diminishing marginal product. b. supply and demand. c. labor theory. d. utility maximization.
Sign Up Forgot Password?