If another worker adds 9 units of output to a group of workers who had an average product of 7 units, then the average product of labor
A) will decrease.
B) will remain the same.
C) will increase.
D) and what will happen to it cannot be determined.
C
You might also like to view...
A. Everything else remaining unchanged, what is likely to happen to the credit demand curve of an economy if:
i. businesses in the economy see scope for growth and are planning to expand production in the future? ii. households are pessimistic about future incomes? iii. the government is planning to borrow money from financial institutions for investment in infrastructures? b. Everything else remaining unchanged, what is likely to happen to the credit supply curve of an economy if firms tend to hold on to retained earnings instead of paying dividends?
The techniques of government regulation in the U.S. are intended to increase the degree of competitiveness in the domestic and international marketplaces
Indicate whether the statement is true or false
In which period did women make the least significant strides in the labor market?
a. 1970-1990. b. 1940-1945. c. 1830-1860. d. 1790-1800.
When PAE increases we expect that economy will be at ________ levels of equilibrium GDP.
A. higher B. cycling C. constant D. lower