When firms add workers and find that the additional workers add less to output than their predecessors
Question:
When firms add workers and find that the additional workers add less to output than their predecessors did, they are experiencing
a. The division of labor.
b. Diminishing returns.
c. The law of large numbers.
d. Diminishing marginal utility.
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b Diminishing returns Explanation Although it is usually the case that ...View the full answer
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