Diminishing Marginal Returns to Labor Means

question 37

Multiple Choice

Diminishing marginal returns to labor means

• A)that each additional worker costs more.
• B)that each additional worker produces less than the previous worker.
• C)that each additional worker costs less.
• D)that total product grows at a constant rate when workers are added to production.

---

Definitions:

Shareholders Agree

An agreement amongst the shareholders of a company, outlining their rights, obligations, and how the company should be run.

Environmental Liability

Legal responsibility for the damage caused to the environment, including pollution, habitat destruction, and other forms of environmental harm.

Asset Purchase

A type of business transaction in which the buyer acquires specific assets of a company, rather than its shares.

Share Purchase

The act of buying ownership stakes in a company, represented by shares, indicating partial ownership.