4.12 Michelles business produces ceramic cups using labor, clay, and a kiln. She can manufacture 25 cups
Question:
4.12 Michelle’s business produces ceramic cups using labor, clay, and a kiln. She can manufacture 25 cups a day with one worker and 35 cups with two workers.
Does her production process illustrate diminishing returns to scale or diminishing marginal returns to scale? Give a plausible explanation for why output does not increase proportionately with the number of workers.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Question Posted: