The law of diminishing returns in a manufacturing plant of a fixed capacity implies that, eventually, employing one:
A. More worker will increase the average amount of output per worker
B. More worker will decrease the average amount of output per worker
C. Less worker will decrease the average amount of output per worker
D. Less worker will not affect the average amount of output per worker
B. More worker will decrease the average amount of output per worker
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What will be an ideal response?
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What will be an ideal response?
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In a closed economy, public saving is the amount of
a. income that households have left after paying for taxes and consumption. b. income that businesses have left after paying for the factors of production. c. tax revenue that the government has left after paying for its spending. d. spending that the government undertakes in excess of the taxes it collects.