A student looks at the data in the table to the right and draws this conclusion:...

 

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A student looks at the data in the table to the right and draws this conclusion: "The marginal product of labor is increasing for the first 3 workers hired, and then it declines for the next 3 workers. I guess each of the first 3 workers must have been hard workers. Then Jill must have had to settle for increasingly poor workers." Do you agree with the student's analysis? Briefly explain. OA No. Marginal product initially increases due to specialization and then decreases due to division of labor. OB. No. Marginal product initially increases due to division of labor and then decreases due to specialization OC. Yes. Productivity differences among these workers are due to effort. OD. No. Marginal product initially decreases due to the law of diminishing returns and then increases due to specialization. OE No. Marginal product initially increases due to division of labor and then decreases due to the law of diminishing returns. Click to select your answer and then click Check Answer. All parts showing esc @ 2 80 # 3 #3 992 000 F S 4 5 A 6 Clear All & 7 * 00 8 Quantity of Workers Pizza Ovens Quantity of 0 1 2 3 4 5 6 2 2 2 2 2 2 2 Quantity of Pizzas 0 650 1,350 2,200 2.700 3,050 3,150 Marginal Product of Labor 650 700 850 500 350 100 Check An B A student looks at the data in the table to the right and draws this conclusion: "The marginal product of labor is increasing for the first 3 workers hired, and then it declines for the next 3 workers. I guess each of the first 3 workers must have been hard workers. Then Jill must have had to settle for increasingly poor workers." Do you agree with the student's analysis? Briefly explain. OA No. Marginal product initially increases due to specialization and then decreases due to division of labor. OB. No. Marginal product initially increases due to division of labor and then decreases due to specialization OC. Yes. Productivity differences among these workers are due to effort. OD. No. Marginal product initially decreases due to the law of diminishing returns and then increases due to specialization. OE No. Marginal product initially increases due to division of labor and then decreases due to the law of diminishing returns. Click to select your answer and then click Check Answer. All parts showing esc @ 2 80 # 3 #3 992 000 F S 4 5 A 6 Clear All & 7 * 00 8 Quantity of Workers Pizza Ovens Quantity of 0 1 2 3 4 5 6 2 2 2 2 2 2 2 Quantity of Pizzas 0 650 1,350 2,200 2.700 3,050 3,150 Marginal Product of Labor 650 700 850 500 350 100 Check An B

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Initially the marginal returns of an input increase ... View the full answer