The above table shows the short-run total product schedule for ...

[vicky]

The above table shows the short-run total product schedule for the campus book store. With which employee do diminishing marginal returns set in?
 
  A) the 9th employee
  B) the 6th employee
  C) the 5th employee
  D) the 2nd employee

Question 2

Gilda's Art Gallery pays a commission to her sales people when they sell a painting. This practice is known as
 
  A) the principal-agent problem.
  B) incentive pay.
  C) minimizing implicit costs.
  D) minimizing explicit costs.

[cclemon1]

Answer to Question 1

C

Answer to Question 2

B

[vicky]

TYSM

[matt95]

Gracias!