When the 7th Worker Is Hired,output Increases from 100 Units

question 44

Multiple Choice

When the 7th worker is hired,output increases from 100 units per week to 110 units per week.When the 8th worker is hired,output increases from 110 units to 118 units.This is an example of

• A)diminishing marginal returns.
• B)diminishing marginal cost.
• C)decreasing returns to scale.
• D)labour-intensive production.
• E)increasing returns to scale.

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Definitions:

College Test

An examination or assessment given in a college setting to measure students' knowledge, skills, or abilities in a particular subject area.

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An educational presentation that fails to engage the audience, often due to uninteresting content or monotonous delivery.

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The tendency to over-emphasize personality-based explanations for behaviors observed in others while under-emphasizing the role and power of situational influences.