Increases in the Marginal Product of Labor Can Be Attributed

question 144

Multiple Choice

Increases in the marginal product of labor can be attributed to ________.

• A) the specialization of workers
• B) the depreciation of capital
• C) diminishing returns to workers
• D) better use of work space

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Definitions:

Taxes Payable

Liabilities due to local, state, or federal tax authorities within the upcoming fiscal period.

Accrued Wages Expense

Costs incurred by a company for wages that have been earned by employees but have not yet been paid.

Annuity

A series of periodic cash receipts or payments that are equal in amount each interest period.

Consecutive Payments

Regular payments made in a series one after another, often referring to loan repayments or lease payments.