Diminishing Returns to Labor Means That

question 113

Multiple Choice

Diminishing returns to labor means that

• A)the greater the amount of output, the less labor that is needed.
• B)as more labor is employed, total output declines.
• C)as more labor is employed, each additional worker produces less additional output.
• D)as more labor is employed, total output will increase.
• E)the greater the amount of output, the less additional labor that is needed.

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Definitions:

Financial Indicator

A metric used to gauge the financial health or performance of a business, market, or economy.

Retail Space

Retail space refers to premises used to conduct retail operations where goods and services are sold directly to consumers.

Sales Per Square Foot

A metric used to evaluate the efficiency of a retail space, indicating the average revenue generated per square foot of sales area.

Selling Area

The physical or digital space where products or services are displayed and offered to consumers for purchase.