Multiple Choice
If the law of diminishing returns applies to labor then:
A) the marginal product of labor must eventually become negative.
B) the average product of labor must eventually become negative.
C) the marginal product of labor must rise and then fall as employment rises.
D) the average product of labor must rise and then fall as employment increases.
E) after some level of employment, the marginal product of labor must fall.
Correct Answer:

Verified
Correct Answer:
Verified
Q103: Some economists conduct empirical research on the
Q104: Tad's Baitshop currently uses no computers in
Q105: A firm uses two factors of production.
Q106: The textbook discusses the carpet industry situated
Q107: If input prices are constant, a firm
Q109: The short run is:<br>A) less than a
Q110: Increasing returns to scale in production means:<br>A)
Q111: For many firms, capital is the production
Q112: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3095/.jpg" alt=" Figure 6.3.4 -Refer
Q113: A production function in which the inputs