When the marginal product of adding a worker is a greater loss than the loss of the marginal product of the last worker hired, a business experiences marginal returns. productive increasing optimal negative

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
icon
Related questions
Question
* CR Economics (2nd Edition) (CR X
A gcss.schoolsplp.com/enrollments/156294120/items/_3-pretest/work?prev=8KFHG
Classes
P sails
e StudentVUE
Jazmine Fulton | 0.
Jazmine Fulton
CR Economics (2nd Edition) (CR 20/21): Unit 3 Pre-Test
Next Activity
Target due: 2/15/21
All changes saved
10. 9) Select the best answer.
When the marginal product of adding a worker is a greater loss than the loss of the marginal product of the last worker hired, a
business experiences
marginal returns.
O productive
O Increasing
O optimal
O negative
11. 12) Match the definitions with the terms.
SAVE & EXIT
SUBMIT ALL ANSWERS
Transcribed Image Text:* CR Economics (2nd Edition) (CR X A gcss.schoolsplp.com/enrollments/156294120/items/_3-pretest/work?prev=8KFHG Classes P sails e StudentVUE Jazmine Fulton | 0. Jazmine Fulton CR Economics (2nd Edition) (CR 20/21): Unit 3 Pre-Test Next Activity Target due: 2/15/21 All changes saved 10. 9) Select the best answer. When the marginal product of adding a worker is a greater loss than the loss of the marginal product of the last worker hired, a business experiences marginal returns. O productive O Increasing O optimal O negative 11. 12) Match the definitions with the terms. SAVE & EXIT SUBMIT ALL ANSWERS
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 1 images

Blurred answer
Knowledge Booster
Marginal Product
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
Economics
ISBN:
9780190931919
Author:
NEWNAN
Publisher:
Oxford University Press
Principles of Economics (12th Edition)
Principles of Economics (12th Edition)
Economics
ISBN:
9780134078779
Author:
Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:
PEARSON
Engineering Economy (17th Edition)
Engineering Economy (17th Edition)
Economics
ISBN:
9780134870069
Author:
William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:
PEARSON
Principles of Economics (MindTap Course List)
Principles of Economics (MindTap Course List)
Economics
ISBN:
9781305585126
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Managerial Economics: A Problem Solving Approach
Managerial Economics: A Problem Solving Approach
Economics
ISBN:
9781337106665
Author:
Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:
Cengage Learning
Managerial Economics & Business Strategy (Mcgraw-…
Managerial Economics & Business Strategy (Mcgraw-…
Economics
ISBN:
9781259290619
Author:
Michael Baye, Jeff Prince
Publisher:
McGraw-Hill Education