Assume That a Firm Hires an Additional Employee

question 154

Multiple Choice

Assume that a firm hires an additional employee.If the marginal product for that employee is greater than for the previous employee hired,it must be because

• A) the marginal product of labor is diminishing.
• B) all workers are paid the same wage.
• C) the workers all perform the exact same set of tasks.
• D) there are gains from specialization.
• E) all workers are not paid the same wage.

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Definitions:

File

A collection of data or information that has been given a name and is stored digitally.

Move

A programming instruction used to transfer data from one location to another within a software application or a control system.

Timer Program

Software or a portion of a PLC program designed to manage time delays, pulse generation, or time-based control.

Solenoid B

A specific electromagnetic coil used to convert electrical energy into mechanical actions, such as moving a valve.