The Short Run Production Function Is Concave Because

question 11

Multiple Choice

The short run production function is concave because

• A) hiring more employees is always more efficient for the firm.
• B) the best employees are hired first,so the quality of employees decreases as more workers are added.
• C) it is harder for a firm to manage a higher level of capital.
• D) the level of capital can be adjusted.
• E) hiring more workers,holding capital fixed,leads to overcrowding.

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