Having a marginal product of labor that increases over low levels of employment is common in this situation. Why is that? a) The first workers a firm hires are just better workers than workers hired later on- they applied first and really want the job. B) often it has to do with specialization- workers are able to divide up tasks and be more productive. Is the answer a or b?
Having a marginal product of labor that increases over low levels of employment is common in this situation. Why is that? a) The first workers a firm hires are just better workers than workers hired later on- they applied first and really want the job. B) often it has to do with specialization- workers are able to divide up tasks and be more productive. Is the answer a or b?
Principles of Microeconomics
7th Edition
ISBN:9781305156050
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter21: The Theory Of Consumer Choice
Section: Chapter Questions
Problem 9PA
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Having a marginal product of labor that increases over low levels of employment is common in this situation. Why is that?
a) The first workers a firm hires are just better workers than workers hired later on- they applied first and really want the job.
B) often it has to do with specialization- workers are able to divide up tasks and be more productive.
Is the answer a or b?
![It's increasing.
Marginal Product 3 Workers
Number of Workers
Number of Lunches
Marginal Product of Labor
Rochelle
1
5
2
17
12
Exactly!
3
35
18
4
42
Наpрy
40
Economics
Mentor
This situation is common - having a marginal product of labor that
increases over low levels of employment.
Rochelle
Really? Why is that?
11
Baxter, Food
Truck Owner
The first workers a firm hires are just better workers than workers hired later on – they applied first and really
want the job.
Often it has to do with specialization – workers are able to divide up tasks and be more productive.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ff2188b11-926f-4a02-9047-46f03f4937df%2Fb0ab91e0-3151-4aaf-bdf8-8cc8b922b50d%2Fyhgbisu_processed.png&w=3840&q=75)
Transcribed Image Text:It's increasing.
Marginal Product 3 Workers
Number of Workers
Number of Lunches
Marginal Product of Labor
Rochelle
1
5
2
17
12
Exactly!
3
35
18
4
42
Наpрy
40
Economics
Mentor
This situation is common - having a marginal product of labor that
increases over low levels of employment.
Rochelle
Really? Why is that?
11
Baxter, Food
Truck Owner
The first workers a firm hires are just better workers than workers hired later on – they applied first and really
want the job.
Often it has to do with specialization – workers are able to divide up tasks and be more productive.
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