
Do you need help with
Why is the marginal product of labor likely to increase initially in the short run as more of the variable input is hired?A.Initially workers are able to specialize, but after a certain number of workers have been added, gains from specialization will be exhausted and diminishing marginal returns will set in.B.Initially firms are able to add additional capital for each worker hired. However, after a certain point, it becomes cost prohibitive to do so.C.Initially workers are able to specialize, but after a certain number of workers have been added, gains from specialization will be exhausted and diminishing total returns will set in.D.The marginal product always increases as more labor is hired.
Then try StudyFetch, the AI-powered platform that can answer your questions and teach you more about it!


How StudyFetch Helps You Master This Topic
AI-Powered Explanations
Get in-depth, personalized explanations on this topic and related concepts, tailored to your learning style.
Practice Tests
Take adaptive quizzes that focus on your weak areas and help reinforce your understanding of the subject.
Interactive Flashcards
Review key concepts and terms with AI-generated flashcards, optimizing your retention and recall.
Educational Games
Engage with fun, interactive games that reinforce your learning and make studying more enjoyable.
Start mastering this topic and many others with StudyFetch's comprehensive learning tools.