What is the change in output from adding one more worker called?
(A) Negative marginal returns
(B) Diminishing marginal returns
(C) Increasing marginal returns
(D) Marginal product of labor
Ans: (D) Marginal product of labor
Economics
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Which of the following factors causes economic growth?
a. a decline in capital goods production b. a loss of resources c. the production of more scarce goods d. a technological improvement e. the production of more consumer goods
Economics
If a goal of a nation's residents is to increase marginal productivity, they should increase
A. expenditures on education. B. the inheritance tax. C. the marginal propensity to consume. D. exports.
Economics