The Per-Worker Production Function Is ____ Sloped and ____ at A(n)

question 54

Multiple Choice

The per-worker production function is ____ sloped and ____ at a(n) ____ rate.

• A)​negatively; decreases; diminishing
• B)​negatively; decreases; increasing
• C)​positively; increases; increasing
• D)​positively; increases; diminishing

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Definitions:

Divergence

The act or process of developing in different directions or deviating from a standard.

Compensating Differences

Wage differentials that compensate workers for undesirable job attributes, like risk of injury or undesirable hours.

Nonmonetary Characteristics

Features or aspects of a job or decision that are not related to salary or financial gain, such as workplace environment or job satisfaction.

Wage Differentials

The variations in wage rates due to factors such as occupation, industry, location, and skills level.