-Refer to the Graph Above

question 151

Multiple Choice

-Refer to the graph above.This firm uses labour and a fixed quantity of machines.Between 2 and 5 units of output,we know that

• A) the marginal product of labour must be increasing.
• B) the marginal product of labour must be decreasing.
• C) the marginal product of labour must be constant.
• D) the marginal product of labour must be higher than the wage rate.
• E) the figure does not relate to the marginal product of labour.

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Definitions:

Refused

Act of declining to accept, agree to, or comply with something.

Commercialization

The process of bringing new products or services to market, including the production, marketing, and sale to end consumers.

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A distributed network architecture where each participant (peer) shares a part of their resources with other peers directly, without requiring centralized coordination.