One reason why, in the short run, the marginal product of labor might increase initially as more workers are hired is that
A) beyond some point, a firm has hired too many workers.
B) specialization allows a worker to focus on one task, thereby increasing her proficiency at that task.
C) the best workers are hired first and later hires are not as skillful.
D) the first workers hired get to use the best equipment.
B
Economics
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Rural-urban migrants differ from the rest of the rural population in that they are more likely to be
(a) well educated (b) poor (c) female (d) all of the above
Economics
The price of imported oil decreased in 2001 . How did this affect the aggregate supply curve?
a. It became steeper. b. It became flatter. c. It shifted inward. d. It shifted outward.
Economics