The division of labor and specialization explain
a. why the marginal product of labor rises a...
Business, 03.09.2019 02:10 gabbygunshows4530
The division of labor and specialization explain
a. why the marginal product of labor rises as a firm hires its first units of labor.
b. why the average product of labor falls when firms use more capital or change the layout of their businesses.
c. why, when the marginal product of labor increases, so does the average product of labor.
d. why firms may find it profitable to use more workers when the marginal product of labor is negative.
Answers: 3
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Which of the following events could increase the demand for labor? a. an increase in the marginal productivity of workers b. a decrease in the amount of capital available for workers to use c. a decrease in the wage paid to workers d. a decrease in output price
Answers: 1
Business, 22.06.2019 23:50
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Answers: 2
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