If Diminishing Marginal Returns Have Already Set in for Golden

question 74

Multiple Choice

If diminishing marginal returns have already set in for Golden Lark Woodworks, and the marginal product of the 6th carpenter is 8 chairs, then the marginal product of the 7th carpenter is

• A)negative.
• B)less than 8 chairs.
• C)more than 8 chairs.
• D)zero.

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Definitions:

Early 1970s

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The execution or accomplishment of specific work-related activities or responsibilities.

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The ability to generate or recognize ideas, alternatives, or possibilities that may be useful in solving problems, communicating, and entertaining.