True/False
At Hamill Manufacturing of Alberta,highly skilled senior machinists are paid $70 000,excluding benefits,but the average-skilled machinist generates approximately $137 000 in value added.This is partially because diminishing returns to labour cause the value of the marginal product of the last machinist hired to be greater than the average of all of the machinists employed.
Correct Answer:

Verified
Correct Answer:
Verified
Q200: Use the following to answer question:<br>Figure: The
Q231: In terms of contribution to total Canadian
Q232: Decisions about labour supply result from decisions
Q233: Use the following to answer questions
Q234: An increase in wealth will cause the
Q235: A firm has hired the profit-maximizing number
Q238: Barry's Brewpub is considering hiring more brewmasters.A
Q239: When the demand for automobiles is high,the
Q241: Employers can sometimes organize to pay lower
Q251: A profit-maximizing producer employs each factor of