the marginal product of labor is how much an additional unit of labor affects

Question

addiesue2046 addiesue2046

20-12-2022
Business

Answered

the marginal product of labor is how much an additional unit of labor affects

Answer :

Other Questions

According to the concept of diminishing marginal utility, consumers will purchase more of a good when the price falls because? A. consumers' real income has inc

If an annuitant cancels her variable annuity during the accumulation period, she may be required to pay which of the following? A) A penalty to the IRS B) A sur

Respondents to the household survey end up in one of three primary categories: employed, unemployed, or not in the labor force. • An employed person is someone

Refer to the Solow Growth Model (discussed in class) to determine which of the following statements is CORRECT:O When investment per worker is less than the ann

Product planners need to think about products and services on three levels: - each level adds more customer value - CORE CUSTOMER VALUE - ACTUAL PRODUCT - AUGME

Which of the following is an example of an indirect cost associated with a healthcare marketing campaign? O Media expenses O Production costs O Time required of

____ capacity can be determined by finding the amount of an output that can be produced in a short period of time and _____ the maximum rate of an output that c

Any description of the goods which is made part of the basis of the bargain creates an express warranty that the goods shall conform to the description. True Fa

The value of a machine was $400,000 when purchased new one year ago. It has an expected life of five years and the income statement shows the straight line depr

Promoting place identity is an important way of eliminating conflicts between places and stereotyping of other peopleTRUE OR FALSE

sohamnaik sohamnaik · Answer 1 · 2022-12-23T14:14:20-05:00

The marginal product of labor is the increase in total production that a firm experiences when one more unit of labor is added while all other elements of production stay constant.

The marginal product of labor is normally positive when employees are first hired, but it does not always exhibit steady returns. As the number of employees rises, the MPL will inevitably begin to slow, and they will have to start sharing resources like equipment during the manufacturing process.When adding an additional worker disrupts the firm and causes a loss in output, the MPL eventually turns negative. The law of declining marginal returns refers to this. The MRPL determines a company's labor demand curve, demonstrating that corporations will seek workers until their MRPL matches their marginal cost of labor.

To know more about marginal product of labor:

https://brainly.com/question/13617399

#SPJ4