Suppose 30 Employee-Hours Can Produce 50 Units of Output

question 31

Multiple Choice

Suppose 30 employee-hours can produce 50 units of output.Assuming the law of diminishing marginal returns is present,to produce 100 units of output will require:

• A)an additional 30 employee-hours.
• B)more than 30 additional employee-hours.
• C)a total of 60 or less employee-hours.
• D)less than 30 additional employee-hours.

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Definitions:

Fiscal Year

A 12-month period used for accounting purposes and financial reporting by organizations, which may not align with the calendar year.