A Firm Has a Given Amount of Capital

question 90

Multiple Choice

A firm has a given amount of capital.When it hires 10 workers,output is 30.When it hires 11 workers,output is 40.If the Law of Diminishing Returns applies,which of the following is the most likely amount of output when the firm hires 12 workers?

• A)70
• B)60
• C)50
• D)45
• E)-10

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Definitions:

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A psychological disorder characterized by excessive preoccupation with the fear of having a serious illness, despite medical reassurance.

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