(Solution) If Labor Is The Only Variable Input And All Other Inputs Are Fixed, As Labor Is Added To Fixed Inputs, The Marginal Product Of Labor A. Rises At... | Snapessays.com


(Solution) If labor is the only variable input and all other inputs are fixed, as labor is added to fixed inputs, the marginal product of labor a. rises at...


If labor is the only variable input and all other inputs are fixed, as labor is added to fixed inputs, the marginal product of labora. rises at first, then declines and eventually goes negativeb. falls from the beginning and eventually goes negativec. always increasesd. remains constant- I believe the answer is A as the initially labor will increase the the MPL but the more labor you add the less the MPL will remain positive. I always think of the saying "too many cooks in the kitchen". Am I understanding this correctly? 

 


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This question was answered on: May 23, 2022

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