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Title: In the short run, why does a production function eventually display diminishing returns to labor? Post by: Tidy on Jun 21, 2015 In the short run, why does a production function eventually display diminishing returns to labor?
A) As the number of workers increases it becomes difficult to monitor them. B) As a firm hires more workers the skills and the work ethic of the additional workers will eventually decline. C) As the number of workers increases eventually the gains from the division of labor and specialization are used up. D) The opportunity cost of hiring additional workers must eventually rise. Title: Re: In the short run, why does a production function eventually display diminishing returns to labor Post by: Smoooth on Jul 27, 2015 Content hidden
Title: Re: In the short run, why does a production function eventually display diminishing returns to labor? Post by: Smoooth on Aug 31, 2015 No problemo :-]
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