Asked by
Alexis Kovalyov
on Dec 08, 2024Verified
Refer to Figure 7.4. Diminishing marginal returns begin when the ________ worker is hired.
A) first
B) second
C) third
D) fifth
Diminishing Marginal Returns
A principle stating that as additional units of a variable input are added to a fixed input, the additional output produced from each new unit decreases beyond a certain point.
- Acknowledge the beginning of reduced returns to labor efforts.
Verified Answer
LA
Learning Objectives
- Acknowledge the beginning of reduced returns to labor efforts.
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