McqMate
| Q. |
The law of diminishing marginal returns is encountered as increasing amounts of labour are hired because: |
| A. | as production rises, the additional labor hired is less and less skilled. |
| B. | experienced workers are hired before the less skilled. |
| C. | each extra worker hired decreases the amounts of land and capital per worker, so the work place becomes more congested and managerial control becomes more difficult. |
| D. | as more and more is produced, selling it requires cutting prices. |
| Answer» C. each extra worker hired decreases the amounts of land and capital per worker, so the work place becomes more congested and managerial control becomes more difficult. | |
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Principles of Micro EconomicsNo comments yet