Multiple Choice
If a firm is experiencing diminishing returns to labor,
A) marginal product of labor must be decreasing.
B) it must be producing in the long run.
C) marginal cost must be decreasing.
D) the firm must be experiencing diseconomies of scale.
E) the firm is apparently hiring less-qualified units of labor.
Correct Answer:
Verified
Correct Answer:
Verified
Q2: The combination of two inputs that results
Q3: The slope of the average fixed curve
Q4: In the short run, total cost is
Q5: The profit-maximizing decision in choosing the optimal
Q6: Exhibit 8-10 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6906/.jpg" alt="Exhibit 8-10
Q7: Economies and diseconomies of scale are the
Q8: Plot the following data for quantity of
Q9: A merger between two firms producing different
Q10: Constant returns to scale occur when a
Q11: Average total cost, average variable cost, average