Question: After 100 workers, each additional worker adds less and less additional output for a factory. This factory experiences _______________________. Group of answer choices increasing returns

After 100 workers, each additional worker adds less and less additional output for a factory. This factory experiences _______________________. Group of answer choices increasing returns to scale diminishing marginal returns increasing marginal rate of technical substitution decreasing total output

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!

After 100 workers, each additional worker adds less and less additional output for a factory. This factory experiences _______________________. Group of answer choices increasing marginal rate of...

After 100 workers, each additional worker adds less and less additional output for a factory. This factory experiences _______________________. Group of answer choices decreasing total output...

After 100 workers, each additional worker adds less and less additional output for a factory. This factory experiences increasing returns to scale diminishing marginal returns increasing marginal...

ASSIGNMENT #1 Assignment Directions: https://www.youtube.com/watch?v=x0nWq34IbFg Current Event Topics Need to be fromCURRENT TEST MATERIAL. When choosing an article, make sure you can answer all six...

How do I solve this question? 1. Consider a rm where the output is zero if the rm employs zero workers. Each additional worker the rm hires increases output by exactly 10 units. Draw a graph of the...

Question 1 2.5pts A person is in consumer equilibrium, and then the price rises for one of the goods she purchases. If she wants to restore herself to consumer equilibrium, she will (most likely)...

Can you please help me answer two questions based on the readings below. 1 How would you contrast the mainstream economics view of consumer behavior in 9.3, with the demand curve in general, and also...

I. Which of the following is correct? a) The pivot of the budget line shows the substitution effect while a slope gives the income effect. b) The pivot of the budget line shows the substitution...

Paper Presentation on Marginal Revenue Product And Optimal Employment Level: An Illustration of Student Involvement Dr. Eugene Steadman, Jr. Averett University 7Th Annual Economics Teaching...

HI PLEASE ANSWER ALL 1. Assume the market for apples is initially in equilibrium. Which of the following will result in a higher equilibrium price of apples? a. An increase in both the demand for and...

Any active management technique incorporates fundamental analysis technical analysis or the use the anomalies and attributes There are a number of active management strategies discussed in the book...

Why is employee orientation an important process? What are some benefits of a properly conducted orientation program?

How is the unemployment rate calculated?

What are ways employers pressure the private lives of employees? (Circle all that apply) They pressure them to avoid specific romantic relationships They pressure them to volunteer for politically...

Earnings Per Share After finally paying off your car, you have saved enough money to take the plunge in the stock market. You have been particularly interested in two companies, but only have enough...

What data are used in computing the number of units to be manufactured?

Income Statement Preparation and Analysis Tensel Corporation markets high-quality grinding tools. During 2000, Tensel Corporation recorded the following: 1. Total sales revenue was $578,000. 2....