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Answer the following Questions (Multiple choices) Firms offer an economy with a means of coordination in the sense that firms eliminate the need for each

Answer the following Questions (Multiple choices)

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Firms offer an economy with a means of coordination in the sense that firms eliminate the need for each worker to O work as efficiently as possible for the salary to be paid to them. O negotiate each task and bargain separately over the fees or wages for each task. O be represented by a labor union. O have health insurance coverage.In a graph showing workers employed per month and the amount of output produced per worker per month, when the marginal product curve is the average product, the average product is 0 below; always negative 0 above; increasing 0 above; decreasing 0 below; increasing The total output curve in a short run production context shows the output produced for different amounts of O labor input 0 revenue 0 capital input 0 marginal cost When labor input used in a production process is at L = 11 units, then the total output produced Q = 275 units. From this we can infer that: O the average product of labor is 25 units 0 the average product of labor is less than 25 units 0 the marginal product of labor is 25 units 0 the total product of labor is 25 units Which of the following would explain the phenomenon that sometimes when there are too many workers in a production process, some workers become ineffective and the marginal product of labor declines. O profit maximization 0 increasing returns to scale. 0 the law of diminishing marginal utility Q the law of diminishing marginal returns

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