The following question are based on the following diagram illustrating the weekly average and marginal products for salespersons in the appliance department of a large department store:
-Diminishing marginal returns set in when adding the ________ salesperson.
Definitions:
School Enrollment
The process of registering or entering students into a formal educational institution or program.
National Income
Total income earned by resource suppliers for their contributions to gross domestic product plus taxes on production and imports; the sum of wages and salaries, rent, interest, profit, proprietors’ income, and such taxes.
Developing Countries
Nations with a lower level of industrialization, lower living standards, and lower Human Development Index (HDI) than developed countries.
Per Capita Income
This is the average income earned per person in a given area in a specified year.
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