Social Studies
Social Studies, 14.10.2019 20:30, 020020

How does the marginal product of labor change as more workers are hired?

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Business, 13.08.2019 01:20, breezyalanah
In the short run, marginal product of labor increases at first and then falls because managerial inefficiency sets in when a firm gets too large. the new workers do not have as much experience as those who have been with the firm for a long time and therefore are not as productive. there are fewer opportunities for division of labor and specialization when fewer workers are hired. as more labor is hired, they are not as skilled as the first ones hired.
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Business, 03.09.2019 02:10, gabbygunshows4530
The division of labor and specialization explain a. why the marginal product of labor rises as a firm hires its first units of labor. b. why the average product of labor falls when firms use more capital or change the layout of their businesses. c. why, when the marginal product of labor increases, so does the average product of labor. d. why firms may find it profitable to use more workers when the marginal product of labor is negative.
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Business, 27.09.2019 22:20, bain80
Which of the following statements is true? a. the average product of labor tells us how much output changes as the quantity of workers hired changes. b. the average product of labor is at its maximum when the average product of labor equals the marginal product of labor. c. the average product of labor is at its minimum when the average product of labor equals the marginal product of labor. d. whenever the marginal product of labor is greater than the average product of labor the average product of labor must be decreasing.
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Business, 14.10.2019 00:00, bougiehairstudios
According to the graph of marginal product of labor for a company that makes beanbags, which of the following situations is created when the fourth through seventh workers are hired a. increasing marginal returns b. marginal product of labor specialization c. negative marginal returns d. diminishing marginal returns
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