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Author Question: When a firm hired its tenth worker, its factory output increased by four units per month. Would you ... (Read 87 times)

piesebel

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When a firm hired its tenth worker, its factory output increased by four units per month. Would you expect the firm's output to increase by eight more units per month if the firm hired two more workers?
 
  What will be an ideal response?

Question 2

Laborland has 1 million workers. Suppose 50,000 workers migrate from a neighboring country to join Laborland's work force. Which of the following will happen in this case if Laborland's capital stock remains unchanged?
 
  A) The country's income per worker will increase.
  B) The total efficiency units of labor in the economy will decrease.
  C) The relationship between output and capital stock becomes negative.
  D) The marginal contribution of labor to Laborland's output will fall.


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kescobar@64

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piesebel

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Reply 2 on: Jun 30, 2018
Excellent


abro1885

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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