Exhibit 6-1 Production of pizza data Workers Pizzas 0 0 1 4 2 10 3 15...

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Question

Exhibit 6-1 Production of pizza data Workers Pizzas 0 0 1 4 2 10 3 15...

Exhibit 6-1 Production of pizza data

Workers	Pizzas
0	0
1	4
2	10
3	15
4	18
5	19

Exhibit 6-1 shows the change in the short-run production of pizzas as more workers are hired. The table shows the marginal product of the labor input is decreasing with the hiring of the third worker. A possible reason for this diminishing marginal product is:

	a.	increased division of labor as additional workers are hired.
	b.	increases in plant size.
	c.	decreases in labor productivity.
	d.	decreases in fixed cost.

business economics

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Answer 1

Answer #1

Answer

Option c

decreases in labor productivity

The labor productivity decreases as the firm increases labor input because of the fixed input share of production decreases the efficiency proportion with labor inputs.

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Answer 2

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Exhibit 6-1 Production of pizza data Workers Pizzas 0 0 1 4 2 10 3 15...

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Exhibit 6-1 Production of pizza data Workers Pizzas 0 0 1 4 2 10 3 15...

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