Multiple Choice
Mr. Woodard's cabinet shop is experiencing rapid growth in sales. As sales have increased, Mr. Woodard has found it necessary to hire more workers. However, he has observed that doubling the number of workers has less than doubled his output. What is the likely explanation?
A) The law of diminishing marginal utility
B) The law of diminishing marginal productivity
C) The law of supply
D) The law of demand
Correct Answer:
Verified
Correct Answer:
Verified
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