Multiple Choice
One reason why, in the short run, the marginal product of labour might increase initially as more workers are hired is that
A) the first workers hired get to use the best equipment.
B) specialisation allows a worker to focus on one task, thereby increasing her proficiency at that task.
C) the best workers are hired first and later hires are not as skilful.
D) beyond some point, a firm has hired too many workers.
Correct Answer:

Verified
Correct Answer:
Verified
Q46: Suppose two countries use different combinations of
Q47: If a firm produces 20 units of
Q48: Which of the following is a fixed
Q49: Figure 7.11 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1015/.jpg" alt="Figure 7.11
Q52: Table 7.1 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1015/.jpg" alt="Table 7.1
Q54: Table 7.3 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1015/.jpg" alt="Table 7.3
Q55: Figure 7.2 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1015/.jpg" alt="Figure 7.2
Q172: If marginal cost is above the average
Q199: Average total cost is equal to average
Q295: On an isoquant/isocost graph, the least cost