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Author Question: As Product Co adds the first four workers to its production process in the short run, its output ... (Read 47 times)

RYAN BANYAN

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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



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akudia

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Answer to Question 1

C

Answer to Question 2

C




RYAN BANYAN

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it


mammy1697

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

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