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.

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Definitions:

Growth Assessment

The evaluation of a child's growth patterns to identify any deviations from expected growth trajectories.

Usual Activities

Typical or everyday tasks and behaviors an individual engages in.

Formal Operations

The final stage of Piaget's cognitive development theory, characterized by the ability to think abstractly, logically, and systematically.

Piaget

Refers to Jean Piaget, a Swiss psychologist known for his pioneering work in child development, especially regarding cognitive development.