Question: For Elliot's dog - walking service, the only variable input is labor. Elliot's labor costs are $ 3 0 0 a day and his service
For Elliot's dogwalking service, the only variable input is labor. Elliot's labor costs are $ a day and his service walks dogs per day. To walk dogs per day, his labor costs increase to $ a day.
The marginal cost of walking that st dog is
Part
A
$
B
$
C
$
D
indeterminate from the information given.
Part
A
added capital
increases how quickly labor's returns become diminishingincreaseshowquicklylaborsreturnsbecomediminishing
B
agricultural production becomes more laborintensive.
C
using less labor increases production capacity.
D
added capital
increases the productivity of laborincreasestheproductivityoflabor
E
decreased capital increases agricultural output.
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