The Situation in Which the Marginal Product of Labour Is

question 81

Multiple Choice

The situation in which the marginal product of labour is greater than zero and declining as more labour is hired is called the law of:

• A) negative returns to scale.
• B) diminishing returns.
• C) inverse return to labour.
• D) demand.

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Definitions:

Mortification

A public relations strategy involving an apology or showing contrition by an organization after making a mistake or facing a scandal.

Admits Guilt

The act of acknowledging responsibility for a wrongdoing, often in a legal context, to demonstrate remorse or acceptance of consequences.

Postcrisis Review

The evaluation process conducted after a crisis to assess an organization's response, learn lessons, and improve future crisis management plans.

Crisis Plan

A predefined strategy or set of guidelines devised to help an organization respond effectively to an emergency or sudden adverse event.