-Refer to Figure 4

question 16

Multiple Choice

-Refer to Figure 4.1, the increase in output from point A to B is less than the increase in output from point B to C because

• A)more workers always produce more.
• B)better workers are usually hired after the earlier ones .
• C)a small number of workers cannot take as good advantage of the division of labor as a larger number.
• D)eventually workers are up against the fact that there are fixed inputs and more workers do not add as much.

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Definitions:

Cochlea

A spiral-shaped cavity in the inner ear containing the organ of Corti, which produces nerve impulses in response to sound vibrations.

Cornelius Vanderbilt

An American industrialist and philanthropist who built his wealth in railroads and shipping during the 19th century.

Jenny Jerome

An American socialite best known as the mother of Winston Churchill, Prime Minister of the United Kingdom during World War II.

Stenographers

Professionals who specialize in the transcribing of speech, often in legal or business settings, into written form using shorthand or a stenotype machine.