When the Marginal Product of Labor Increases as the Amount

question 63

Multiple Choice

When the marginal product of labor increases as the amount of labor employed increases,

• A)the additional worker has made other workers more productive
• B)the firm also must have increased the amount of capital
• C)the firm is experiencing economies of scale
• D)there has been an improvement in the available technology
• E)the law of diminishing returns has been violated

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Definitions:

False Hope

Providing optimism or encouragement about an outcome that is unlikely to happen, often without evidence or basis in reality.

Avoid

Refers to deliberately staying away from or preventing something.

Telling

The act of conveying information, stories, or instructions verbally or in written form.

Maslow's Hierarchy

A theory in psychology proposed by Abraham Maslow, which outlines a five-tier model of human needs, depicted as hierarchical levels within a pyramid.