Multiple Choice
Gertrude Stork's Chocolate Shoppe normally employs 4 workers.When the Chocolate Shoppe hired a 5th worker, the Shoppe's total output decreased.Therefore,
A) the marginal product of the 5th worker is negative.
B) the total output of Gertrude Stork's Chocolate Shoppe is negative.
C) the average product of the 5th worker is negative.
D) the 5th worker should be hired only if he is willing to accept a wage lower than the wage paid to the other 4 workers.
Correct Answer:

Verified
Correct Answer:
Verified
Q187: Which of the following statements regarding a
Q188: In the short run, marginal product of
Q189: State the law of diminishing marginal returns.
Q191: If a firm produces 20 units of
Q193: If we have information about workers' marginal
Q194: Figure 11-7<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4193/.jpg" alt="Figure 11-7
Q195: Which of the following statements correctly describes
Q196: Diseconomies of scale occur when<br>A)long-run average costs
Q197: Table 11-7<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4193/.jpg" alt="Table 11-7
Q207: In the long run, all of a