When more and more labor is employed (by keeping employment of all other factors

Question

When more and more labor is employed (by keeping employment of all other factors of production constant) then in the short run, marginal physical product (or productivity) of labor will----------first, then--------. This will create a shape of------ for the marginal physical product curve.

decrease, increase, U

increase, increase, straight line

increase, decrease, bell

decrease, decrease, downward sloping straight line

decrease, increase, U

increase, increase, straight line

increase, decrease, bell

decrease, decrease, downward sloping straight line

Explanation / Answer

Solution: c. increase, decrease, bell
Explanation: Marginal physical product curve is bell shaped with increasing, diminishing and negative marginal returns.

Related Questions

Navigate

• Browse (All)
• Browse W
• Subjects

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.