Increased Productivity of Workers in Manufacturing Has

question 93

Multiple Choice

Increased productivity of workers in manufacturing has

• A)increased employment in manufacturing.
• B)increased employment in agriculture.
• C)decreased employment in agriculture.
• D)decreased employment in services.
• E)increased employment in services.

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Definitions:

Diseconomies of Scale

A situation where, as a firm becomes larger, its costs per unit increase due to inefficiencies that arise from its growth.

Constant Costs

The costs that remain unchanged as the level of output or production increases or decreases.

AVC Curve

A graphical depiction of the average variable costs incurred by a firm in the short run, illustrating how costs vary with output levels.