Multiple Choice
Assume a toy company hires an additional worker to assemble toys,and the size of the factory and amount of equipment remain constant.As a result,the level of output increases but by a smaller amount than when the previous additional worker was hired.This is an example of:
A) The law of poor planning.
B) The law of diminishing returns.
C) Say's Law.
D) The law of substitution.
Correct Answer:
Verified
Correct Answer:
Verified
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Q53: Table 5.5-Production costs <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5714/.jpg" alt="Table 5.5-Production
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Q57: Table 5.5-Production costs <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5714/.jpg" alt="Table 5.5-Production
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