Ask Question
BusinessBusiness
14 December, 11:43

If a business owner can produce more as a whole with an additional worker even if the marginal product associated with that worker is lower than the marginal product associated with the previous worker, then there are:

+1
Answers (2)
  1. 14 December, 13:54
    0
    diminishing marginal returns

    Explanation:

    Based on the information provided within the question it can be said that this scenario indicates that there are diminishing marginal returns. Like mentioned in the question this refers to the decrease in marginal output as additional factors of production are introduced into the production process. Which in this case the additional factors would be more workers, since adding an additional worker seems to lower the marginal product.
  2. 14 December, 14:07
    0
    Answer: Marginal Income.

    Explanation: Marginal Income, since this represents an increase in total income when a unit of the product is sold at market price. The marginal revenue is usually lower if there are many more units sold. This will really be of great benefit to the business owner.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “If a business owner can produce more as a whole with an additional worker even if the marginal product associated with that worker is lower ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Match each of Orr's actions to the appropriate step in the customer relationship management process. a. Finding out the home zip code of every Orr customer. b. Monitoring how customers buy tickets for Orr Family Adventureland (online, in person, etc.
Answers (1)
Your company has 2,000 options outstanding and each can be exchanged for one share of common stock at an exercise price of $20. The average market value for each share was $25 throughout the year.
Answers (1)
United Resources Company obtained a charter from the state in January of this year. The charter authorized 206,000 shares of common stock with a par value of $3.
Answers (1)
Deitz Corporation is projecting a cash balance of $30,000 in its December 31, 2016, balance sheet. Deitz's schedule of expected collections from customers for the first quarter of 2017 shows total collections of $185,000.
Answers (1)
Which of the following is less important to consider when choosing a bank? A. The number of employees at each bank branch B. The financial services the bank offers C. The types of accounts the bank offers D.
Answers (1)
New Questions in Business
According to cox and demmitt, the single largest expense for wives who return to work is:
Answers (1)
The local government relies mostly on revenue from -Medicare taxes -property taxes -income taxes -interest from savings accounts
Answers (1)
Richard hires Paul to paint his kitchen in two eight-hour days of work for $500. At the end of the first day, the kitchen is 85 percent complete. Richard asks Paul to stay late and finish.
Answers (1)
A manager demonstrates when he listens carefully to his subordinates and works to build trusting relationships.
Answers (1)
On March 1, 2017, Boyd Company acquired real estate, on which it planned to construct a small office building, by paying $80,000 in cash.
Answers (1)
Home » Business » If a business owner can produce more as a whole with an additional worker even if the marginal product associated with that worker is lower than the marginal product associated with the previous worker, then there are:
Sign Up Forgot Password?