In the Short Run, the Marginal Product of Labor

question 48

Multiple Choice

In the short run, the marginal product of labor:

• A) is always diminishing.
• B) will eventually fall.
• C) continues to increase as long as the firm adds labor slowly.
• D) always increases because laborers become more efficient with experience.

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Definitions:

Dollar Sales

Dollar sales refer to the total value of goods or services sold by a company, stated in monetary terms.