Refer to Figure 13-1. As the number of workers increases,

A) marginal product decreases.
B) total output decreases.
C) marginal product increases but at a decreasing rate.
D) total output increases at an increasing rate.

Question

Dylan Kengott · Accepted Answer

Final Answer : A, Explanation :  Marginal product decreases as the number of workers increases due to the law of diminishing marginal returns, which states that adding more of one factor of production, while holding all others constant, will at some point yield lower per-unit returns.

Refer to Figure 13-1. As the number of workers increases,

A) marginal product decreases.
B) total output decreases.
C) marginal product increases but at a decreasing rate.
D) total output increases at an increasing rate.

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Learning Objectives

Related questions

Refer to Figure 13-1. As the number of workers increases,A) marginal product decreases.B) total output decreases.C) marginal product increases but at a decreasing rate.D) total output increases at an increasing rate.

Definitions

Learning Objectives

Learning Objectives

Related questions

Refer to Figure 13-1. As the number of workers increases,

A) marginal product decreases.
B) total output decreases.
C) marginal product increases but at a decreasing rate.
D) total output increases at an increasing rate.