Because of Diminishing Marginal Productivity

question 104

Multiple Choice

Because of diminishing marginal productivity

• A)the labor supply curve is not vertical.
• B)nominal wages are sticky in a downward direction.
• C)the labor demand curve is negatively sloped.
• D)households save only a small share of their income.

---

Definitions:

Joint Venture

A business arrangement where two or more parties agree to pool their resources for the purpose of accomplishing a specific task.

Single Project

A single project refers to an undertaking designed to achieve a particular objective within a specified timeframe, typically involving a defined set of resources and tasks.

Co-ownership

A legal arrangement where two or more parties hold property together, sharing rights and responsibilities.

Sharing Management

An approach or strategy involving multiple stakeholders collaborating in the governance, administration, or operations of an entity or project.