Multiple Choice
Reed's Accounting Firm has 100 workers and 90 computers and currently serves 200 households. If Reed adds another accountant to his staff, he can serve 220 households. What does the law of diminishing marginal returns predict if he adds two more accountants?
A) The marginal product of labor for the second additional accountant will be less than 20 households.
B) The marginal product of capital for the second additional accountant will be 220 households.
C) The marginal product of labor for the second additional accountant will be at least 20 households.
D) The marginal product of capital for the second additional accountant will be 200 households.
Correct Answer:
Verified
Correct Answer:
Verified
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