As the quantity of labor employed decreases, the value of marginal product diminishes

The tax revenue received by a government from a sales tax is larger if demand is relatively more elastic

a. True b. False Indicate whether the statement is true or false

In his seminar on Organizational Economics, Professor Chang always uses study teams for presentation of outside research materials. He has found that three students per team tend to work well. Walking into a new class, he finds that registration has allowed 60 students to sign up. He decides to increase the team size from three to eight students. What problems can he expect to deal with during the semester?

What will be an ideal response?