Solved

Suppose There Are Diminishing Returns to Labor

Question 282

Multiple Choice

Suppose there are diminishing returns to labor.If the _____ of labor hired by a firm increases,holding everything else constant,the _____ labor will _____.


A) price;demand for;increase
B) quantity;marginal product of;fall
C) quantity;marginal product of;rise
D) quantity;value of the marginal product of;rise

Correct Answer:

verifed

Verified

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

Related Questions

Q277: A _ wage will _ the _

Q278: Using standard economic theory,a firm should continue

Q279: Gabriella often faces a trade-off between time

Q280: Use the following to answer question: <img

Q281: If a firm hires labor and with

Q283: Use the following to answer question:<br>Figure: The

Q284: Which group had the HIGHEST median earnings

Q285: Use the following to answer question:<br>Figure: The

Q286: People who have higher levels of human

Q287: An increase in wealth will cause the