The Chart Below Describes the Short Run Productivity of Workers

question 48

Multiple Choice

The chart below describes the short run productivity of workers at Paper Pushers Inc. ,an office support firm that has no variable costs other than labor. $$\begin{array} { | l | l | } \hline \text { Workers } & \text { Pages per Hour } \\\hline 1 & 40 \\\hline 2 & 75 \\\hline 3 & 105 \\\hline 4 & 125 \\\hline 5 & 140 \\\hline 6 & 150 \\\hline 7 & 155 \\\hline\end{array}$$
The VMP of the sixth worker is _____ than the VMP of the fourth worker because

• A)less;the firm experiences economies of scale.
• B)less;the sixth worker is less skilled than the fourth worker.
• C)less;the firm experiences diminishing returns to inputs.
• D)more;the workers can specialize and exploit comparative advantages.

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Definitions:

Age Diversity

The inclusion of people of different ages within a workforce or group, contributing to a variety of perspectives and experiences.

Work Lifestyles

Refers to the blend of work and lifestyle choices individuals make, balancing professional responsibilities with personal interests and needs.

Management Challenge

The array of difficulties and obstacles that managers face when trying to effectively lead their teams, including issues like decision-making, team dynamics, and resource allocation.

Private Enterprise System

An economic system where private individuals or groups, rather than the state, own and operate businesses.