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Home Q & A Board Other Fields Homework Help Business Economics
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Loraine Loraine
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8 years ago
As more labor is hired, moving along the production function, diminishing returns occur because
A) workers are overworked and so their productivity decreases.
B) the wage rate paid is too low and so workers decrease their work effort.
C) there are fixed quantities of other resources.
D) the real wage rate must increase in order to hire additional workers.
E) real GDP increases more rapidly the more workers are hired.
Textbook 
Essential Foundations of Economics

Essential Foundations of Economics


Edition: 7th
Authors:
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Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible.
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SmooothSmoooth
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8 years ago
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8 years ago
No problemo Happy Dummy
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