According to the Law of Diminishing Returns, an Additional Unit

question 173

Multiple Choice

According to the law of diminishing returns, an additional unit of

• A) labor decreases output.
• B) capital produces more output than an additional unit of labor.
• C) labor produces less output than the previous unit.
• D) labor produces more output than the previous unit.

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Definitions:

Flexible Work Schedules

Work arrangements that allow employees to vary their working hours and locations, offering greater autonomy over their work-life balance.

Family Friendly

Describes environments, policies, or products that are designed to be accommodating and beneficial to families, particularly those with children.

Economic Climate

Refers to the overall condition of the general economic environment in a specific region or country, encompassing factors like employment rates, GDP growth, and consumer spending.

Wage Gap

The disparity in earnings among different groups of workers, often highlighted by differences due to gender, race, or education.