As employment of labor increases, the marginal product of labor will eventually decrease because A) profitable firms employ better workers first. B) there's a limit to how product individual workers can be. C) fixed capital means additional workers are less productive than the workers who were employed before.
As employment of labor increases, the marginal product of labor will eventually decrease because A) profitable firms employ better workers first. B) there's a limit to how product individual workers can be. C) fixed capital means additional workers are less productive than the workers who were employed before.
Chapter13: Factor Markets: With Emphasis On The Labor Market
Section: Chapter Questions
Problem 5WNG
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As employment of labor increases, the marginal product of labor will eventually decrease because
A) profitable firms employ better workers first.
B) there's a limit to how product individual workers can be.
C) fixed capital means additional workers are less productive than the workers who were employed before.
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