When firms add workers and find that the additional workers add less to output than their predecessors

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When firms add workers and find that the additional workers add less to output than their predecessors did, they are experiencing

a. The division of labor.

b. Diminishing returns.

c. The law of large numbers.

d. Diminishing marginal utility.

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Issues in Economics Today

ISBN: 978-1259746390

8th edition

Authors: Robert C. Guell

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Question Posted: Apr 24, 2018 03:03 AM

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When firms add workers and find that the additional workers add less to output than their predecessors

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b Diminishing returns Explanation Although it is usually the case that ...View the full answer

Issues in Economics Today

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