In the Short Run, Why Does a Production Function Eventually

question 38

Multiple Choice

In the short run, why does a production function eventually display diminishing returns to labor?

• A)As the number of workers increases, it becomes difficult to monitor them.
• B)As a firm hires more workers, the skills and the work ethic of the additional workers will eventually decline.
• C)As the number of workers increases, eventually the gains from the division of labor and specialization are used up.
• D)The opportunity cost of hiring additional workers must eventually rise.

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Definitions:

Lone Pair Electrons

Electron pairs in the outermost shell of an atom that are not shared or bonded with another atom, influencing molecular shape and reactivity.

Pyridine

A basic heterocyclic organic compound with the chemical formula C5H5N, resembling benzene but having a nitrogen atom replacing one of the carbon atoms.

Orbital

A region in an atom where there is a high probability of finding electrons.

Increasing pKa

This refers to the process or trend of increasing the acidity constant (pKa), indicating a decrease in acid strength.