The law of diminishing returns applies to which of the following segments of the marginal product of labor curve?
a. The entire curve.
b. The downward-sloping segment only.
c. The upward sloping segment only.
d. The point where labor input is zero.
b
Economics
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Larger volume is more likely to be associated with lower prices if the larger volume results from
A) increased demand. B) inelastic demand. C) increased supply. D) elastic supply. E) inelastic supply.
Economics
Economists refer to the "typical" rate of unemployment as the natural rate of unemployment
a. True b. False Indicate whether the statement is true or false
Economics