As more workers are hired, the marginal physical product of labor eventually dec

Question

As more workers are hired, the marginal physical product of labor eventually declines because less efficient workers are hired as the number of workers increases. of diseconomies of scale. workers do not work well together when the number of workers increases. the amount of capital each worker has to work with declines as the number of workers increases. Cab drivers operating from JFK Airport to the City of New York legally must charge a specific fare. This is an example of the rate of return test. social regulation. economic regulation. the market share test.

Explanation / Answer

1. D) the amount of capital each worker has to work with declines as the number of workers increases.

2. C) Economic regulation

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