Multiple Choice
Because of the "law of diminishing marginal returns" to a factor, as more labor is employed, its marginal product:
A) rises.
B) falls.
C) stays constant.
D) rises disproportionally.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q109: Suppose that the wage is $20 per
Q110: (Table: Sales and Payments) Suppose that the
Q111: Suppose that wages in the agricultural and
Q112: As relative prices in various industries change
Q113: Suppose that the wage is $20 per
Q115: Suppose that you are trying to decide
Q116: Describe changes in the share of manufacturing
Q117: The United States is a significant exporter
Q118: In the United States, which workers displaced
Q119: Which of the following best describes changes