If a Firm Is Experiencing Decreasing Marginal Returns to Labor

question 98

Multiple Choice

If a firm is experiencing decreasing marginal returns to labor, the firm's production function is ________at a(n) ________rate.

• A)increasing; decreasing
• B)increasing; increasing
• C)decreasing; increasing
• D)decreasing; decreasing

---

Definitions:

Financial Practices

The policies, procedures, and strategies managing financial operations and planning in a business or organization.

Regulations

Rules or directives made and maintained by an authority to regulate behavior or processes.

Government Accountant

A professional specializing in managing and auditing the financial transactions and practices of government agencies and entities.

Management Accountant

A profession that involves partnering in management decision making, devising planning and performance management systems, and providing expertise in financial reporting and control to assist in formulating and implementing an organization's strategy.