One Reason Why, in the Short Run, the Marginal Product

question 122

Multiple Choice

One reason why, in the short run, the marginal product of labor might increase initially as more workers are hired is that

• A)the first workers hired get to use the best equipment.
• B)specialization allows a worker to focus on one task, thereby increasing her proficiency at that task.
• C)the best workers are hired first and later hires are not as skillful.
• D)beyond some point, a firm has hired too many workers.

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Definitions:

Diversity

The inclusion and representation of different types of people and viewpoints in a group or organization, encompassing aspects like race, gender, age, religion, and more.

Business

An organization or enterprising entity engaged in commercial, industrial, or professional activities aiming to generate profits through providing goods or services.

Distorted

Altered from a natural, normal, or original shape, size, or condition, resulting in a misrepresentation of reality or truth.

Stagnates

The state or process of ceasing to flow, move, or develop; often used in reference to water, projects, or personal growth.