In the Short Run, Marginal Product of Labor Increases at First

question 188

Multiple Choice

In the short run, marginal product of labor increases at first and then falls because

• A)as more labor is hired, they are not as skilled as the first ones hired.
• B)there are fewer opportunities for division of labor and specialization when fewer workers are hired.
• C)managerial inefficiency sets in when a firm gets too large.
• D)the new workers do not have as much experience as those who have been with the firm for a long time and therefore are not as productive.

---

Definitions:

Dual Process

A theory describing two distinct systems in the brain that process information: one that is automatic and rapid, and another that is deliberate and slow.

Information Processing

The series of actions or steps taken by the brain to receive, interpret, store, and retrieve information.

Motivated Social Cognitive

Describes a theory focusing on how motivation affects social behavior and cognitive processes.

Gestalt View

An approach emphasizing the whole being greater than the sum of its parts, often applied to psychology and visual perception.