The Diminishing Marginal Product of Labour Refers To

question 14

Multiple Choice

The diminishing marginal product of labour refers to:

• A)that as more and more workers are hired holding the level of capital fixed, the additional output will decrease.
• B)a decline in our educational system.
• C)workers getting lazy with age.
• D)that as more and more workers are hired holding the level of capital fixed, the total output will decrease.

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Definitions:

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The direct, out-of-pocket payment made by businesses for the use of resources.

Graphic Artist

A professional who creates visual content to communicate messages through digital and printed mediums.