Suppose the stock of capital remains constant. By adding more labor, perhaps a second work shift, output
A) remains the same. B) decreases.
C) increases. D) becomes more costly.
C
Economics
You might also like to view...
What must be true for a producer to obtain a producer surplus from the sale of a unit of a good?
What will be an ideal response?
Economics
Assume that CDs are a normal good and that the price of stereo equipment falls while the labor costs of producing CDs increase. What will happen in the market for CDs?
What will be an ideal response?
Economics