Which of the following best describes the law of diminishing marginal returns when an employee is increased?
A. Marginal product of the new employee will be more then that of the previous employee.
B. Marginal product of the new employee will be less then the previous employee.
C. It will remain unchanged
D. None of the above
Answer:B
Which of the following best describes the law of diminishing marginal returns when an employee is increased?
A. Marginal product of the new employee will be more then that of the previous employee. B. Marginal product of the new employee will be less then the previous employee. C. It will remain unchanged D. None of the above