Suppose the government outlaws any worker from working more than 20 hours a week (perhaps to spread
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Suppose the government outlaws any worker from working more than 20 hours a week (perhaps to spread the work around). What would the effect be on per worker output (assuming the number of persons working stays the same)? What would the effect be on hourly productivity (assuming diminishing returns)?
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Labor input would be cut while other inputs would be unaffected at least ini...View the full answer
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