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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.
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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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