This topic contains a solution. Click here to go to the answer

Author Question: As Product Co adds the first four workers to its production process in the short run, its output ... (Read 40 times)

RYAN BANYAN

  • Hero Member
  • *****
  • Posts: 563
As Product Co adds the first four workers to its production process in the short run, its output rises from 0 to 12 to 25 to 35 to 43 . Addition of the fifth worker will most likely lead to an output rate
 a. greater than 51
  b. equal to 51
  c. less than 51
  d. greater than 51 if the firm experiences diseconomies of scale
  e. none of the above

Question 2

Increasing marginal returns are generally the result of
 a. diseconomies of scale
  b. increasing costs
  c. specialization and division of labor
  d. labor unions
  e. technology



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

akudia

  • Sr. Member
  • ****
  • Posts: 347
Answer to Question 1

C

Answer to Question 2

C




RYAN BANYAN

  • Member
  • Posts: 563
Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review


Viet Thy

  • Member
  • Posts: 329
Reply 3 on: Yesterday
:D TYSM

 

Did you know?

In 2012, nearly 24 milliion Americans, aged 12 and older, had abused an illicit drug, according to the National Institute on Drug Abuse (NIDA).

Did you know?

Stroke kills people from all ethnic backgrounds, but the people at highest risk for fatal strokes are: black men, black women, Asian men, white men, and white women.

Did you know?

The calories found in one piece of cherry cheesecake could light a 60-watt light bulb for 1.5 hours.

Did you know?

Drying your hands with a paper towel will reduce the bacterial count on your hands by 45–60%.

Did you know?

Most women experience menopause in their 50s. However, in 1994, an Italian woman gave birth to a baby boy when she was 61 years old.

For a complete list of videos, visit our video library