Refer to the information provided in Figure 7.5 below to answer the question(s) that follow.  Figure 7.5Refer to Figure 7.5. Diminishing marginal returns set in after the ________ worker is hired.

A. first
B. fifth
C. eighth
D. sixteenth


Answer: B

Economics

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Refer to the figure above. If Y is labor intensive then according to the HO theory, this country should be ________ abundant

A) capital B) labor C) both capital and labor D) Can't tell without more information

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The state government requires all persons to pay 5% of their incomes in income tax.This is an example of:

a. The benefits principle b. a proportional tax c. a regressive tax d. a progressive tax

Economics

When Chile experiences investment from abroad, it experiences, as a result,

a. an increase in productivity. b. a decrease in Gross National Product (GNP). c. lower wages for Chilean workers. d. None of the above is correct.

Economics

Bottlenecks:

A. occur only in one-way networks. B. occur in both one-way and two-way networks. C. are a positive externality associated with networks. D. occur only in two-way networks.

Economics