Solved

Suppose That You Run a House-Painting Company and Currently Have

Question 16

Multiple Choice

Suppose that you run a house-painting company and currently have 2 workers painting a total of 4 houses per month.If you hire a third worker,6 houses can be painted per month.If you hire a fourth worker,9 houses can be painted,and a fifth and sixth worker will increase the number of houses painted to 13 and 15,respectively.Diminishing returns


A) set in when the fourth worker is hired.
B) set in when the fifth worker is hired.
C) set in when the sixth worker is hired.
D) have not yet set in because output is still increasing.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions