FIGURE 7- 1 -Refer to Figure 7- 1. If the Firm Hires the Firm

question 55

Multiple Choice

FIGURE 7- 1
-Refer to Figure 7- 1. If the firm hires the 15th unit of labour,

• A) the extra output will be zero.
• B) average product will fall.
• C) marginal product will be unchanged.
• D) the firm will reach its capacity.
• E) both A and B are correct.

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Definitions:

Collaborative Writing

The act of jointly producing a document or piece of content by multiple authors or contributors.

Videoconferencing

The holding of a conference among people at different sites by using computer networks to transmit audio and video data.

Simultaneously

Occurring, operating, or done at the same time; actions or processes that run in parallel.

Virtual Worlds

Computer-simulated environments where users can interact with each other and create digital personas or objects through the internet.