In the Short Run, Why Does a Production Function Eventually

question 38

Multiple Choice

In the short run, why does a production function eventually display diminishing returns to labor?

• A)As the number of workers increases, it becomes difficult to monitor them.
• B)As a firm hires more workers, the skills and the work ethic of the additional workers will eventually decline.
• C)As the number of workers increases, eventually the gains from the division of labor and specialization are used up.
• D)The opportunity cost of hiring additional workers must eventually rise.

---

Definitions:

Korean Family

A social unit in Korean culture that may emphasize strong familial bonds, respect for elders, and traditional values, reflecting both historical and contemporary aspects.

Tylenol

A brand name for acetaminophen, a common over-the-counter medication used to reduce fever and alleviate pain.

Early-Onset Alzheimer's

A form of Alzheimer's disease that appears before the age of 65, often characterized by rapid progression.

Caregiver Techniques

Methods and practices used by caregivers to provide effective care.