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Author Question: Diminishing marginal product of labor occurs when: a. adding another unit of labor increases ... (Read 77 times)

skymedlock

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on: Jun 30, 2018
Diminishing marginal product of labor occurs when:
 a. adding another unit of labor increases output, but not by as large a margin as the previous unit of labor employed.
  b. the average product of labor begins to rise.
 c. adding another unit of labor increases output by a larger margin than the last unit of labor employed.
 d. all inputs are varied simultaneously in the same proportion.

Question 2

From an economist's viewpoint, discrimination occurs if there is a wage differential between two groups when there is no difference in the marginal revenue product of the two groups.
 a. True
  b. False
  Indicate whether the statement is true or false


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zhanghao

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Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

True


skymedlock

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Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

hollysheppard095

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

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