What is the initial output when no workers are hired in the lawn mowing company example?
Law of Diminishing Marginal Returns (Old Version): Econ Concepts in 60 Seconds Microeconomics

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Business
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11th Grade - University
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Hard
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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Ten lawns
Seven lawns
Two lawns
Zero lawns
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How is the marginal product calculated for the first worker in the example?
By adding the outputs of all workers
By subtracting the previous total output from the current total output
By dividing total output by the number of workers
By multiplying the number of workers by the total output
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What happens to the marginal product as more workers are added, according to the law of diminishing marginal returns?
It increases indefinitely
It remains constant
It doubles with each worker
It eventually decreases
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why can two workers mow more lawns together than separately in the example?
Because they have more lawnmowers
Because they have more experience
Because they work faster individually
Because they can specialize in different tasks
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the main reason for the decrease in additional output as more workers are added?
Limited fixed resources
Workers are not trained
Workers become less efficient
Lack of enough lawnmowers
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