Increasing Marginal Returns to Labour

question 32

Multiple Choice

Increasing marginal returns to labour

• A) are the result of specialisation and division of labour in the production process.
• B) occur only when there are increasing marginal returns to capital.
• C) describe the portion of a total product curve where the marginal product is negative.
• D) mean that two workers produce less than twice the output of one worker.
• E) occur when a particularly efficient worker is employed.

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Definitions:

Histogram

Graph that uses vertical bars to represent the frequencies of a set of variables. The measured values found within the distribution are listed on the horizontal axis (x-axis) and frequency counts are placed on the vertical axis (y-axis).

Bar Graph

A chart that represents categorical data with rectangular bars with lengths proportional to the values they represent.

Frequency Polygon

Variation of a histogram where rather than a series of vertical bars, a line is drawn to connect the midpoint for each of the different measured variables in the distribution.

Central Tendency

A statistical measure that indicates the center or the middle of the distribution.