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How does the marginal product of labor change as more pepople are hird?
As more people are hired, the marginal product of labor decreases because eventually having more and more employees will not make the company more productive.
What is the additional revenue that accrues to a firm when an additional worker is hired?
marginal revenue product
Explain why marginal physical product would diminish as More professors are hired in the economics department?
zabi
What is the concept of marginal productivity?
Is the change on the output of hiring one more worker as opposed to the last worker who was hired or fired. As a result which measures the output of the margin.
Why is the marginal product of labor likely to increase initially in the short run as more of the variable output is hired?
The marginal product of labor is likely to increase initially because when there are more workers, each is able to specialize on an aspect of the production process in which he or she is particularly skilled. For example, think of the typical fast food restaurant. If there is only one worker, he will need to prepare the burgers, fries, and sodas, as well as take the orders. Only so many customers can be served in an hour. With two or three workers, each is able to specialize and the marginal product (number of customers served per hour) is likely to increase as we move from one to two to three workers. Eventually, there will be enough workers and there will be no more gains from specialization. At this point, the marginal product will diminish.
Who is the woman in the Interspa commercial?
She was a hired model from a Houston agency to do a product demonstration.
What is a claque?
certain group of people normally hired to applaud an act Marliec 'DeYega
What if you damage a product you are hired to install?
It will probably come out of your paycheck. If you own the company, it will come out of your profits.
Where do the Oakley Men come from?
Oakley Men are models for the Oakley brand of clothing and accessories. Oakley Men are hired through The Oakley organization. They are hired to model the Oakley product line.
What was the spoils systems and what was its purpose?
People were hired onto the cabinet according to their political loyalties, or personal connections. Whenever a new president came into office, the people that were previously hired were fired and the new president hired on new people. They did this so they wouldn't oppose the policies of the president.
Who makes Style Co clothing?
it is the people who are hired to do it.
Why was there slavery in the US of America?
Because people did not want to do stuff ,they hired people to do it for them.
