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Introduction to Economics 1
Introduction to Economics 1 Deneme Sınavı
Introduction to Economics 1 Deneme Sınavı Sorusu #829576
Introduction to Economics 1 Deneme Sınavı Sorusu #829576
'As units of labor are added (with all other inputs held constant) after a point there will be less and less increases in output' describes which economic principle?
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The Law of Diminishing Marginal Utility of Labour |
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The Law of Diminishing Marginal Product of Labor |
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The Law of Diminishing Marginal Rate of Substitution |
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The Law of Demand of Labor |
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The Law of Labor Supply |
Yanıt Açıklaması:
Every firm eventually faces a point in production after which employing extra units of labor yields smaller and smaller increases in output. This fact is called “The Law of Diminishing Marginal Product of Labor”.
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