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?
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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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?
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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