If Hiring More Workers Results in Each Additional Worker Contributing

question 2

Multiple Choice

If hiring more workers results in each additional worker contributing successively smaller amounts of output,then which of the following applies

• A)diminishing profitability
• B)diminishing marginal cost
• C)diminishing marginal product
• D)diminishing average product

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Definitions:

Secretin

A hormone produced by the duodenum that stimulates the pancreas to release bicarbonate-rich fluids to neutralize stomach acid.

Gastrin

A hormone produced by the stomach that stimulates the secretion of gastric acid.

CCK

Cholecystokinin, a hormone that stimulates the digestion of fats and proteins by promoting the release of digestive enzymes and bile from the pancreas and gallbladder.

Submucosa

A layer of tissue beneath the mucosa, containing blood vessels, nerves, and connective tissue, providing support and nourishment to the mucosal layer.