A manager should stop hiring an additional labor when Marginal Physical Product of the labor is...
A manager should stop hiring an additional labor when Marginal Physical Product of the labor is positive but starts to decrease. True/ False
Homework Answers
Ans: False
Explanation:
A manager should continue hiring when MPPis positive and starts to decrease. This is the second stage of law of variable proportion at which stage a manager normally wants to operate.
Thus, the statement is false.
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