In the short run, assume diminishing marginal product of labor sets in with the hiring of the second worker.Which of the following will remain constant as a firm produces more output?A. Average product of laborB. Total costC. Total fixed costD Total variable costE. Marginal cost

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30-11-2022
Business

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In the short run, assume diminishing marginal product of labor sets in with the hiring of the second worker.Which of the following will remain constant as a firm produces more output?A. Average product of laborB. Total costC. Total fixed costD Total variable costE. Marginal cost

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marvineetesh3 marvineetesh3 · Answer 1 · 2022-12-03T06:54:54+01:00

In the short run, assume diminishing marginal product of labor sets in with the hiring of the second worker, then the Fixed cost will remains constant.

What is the diminishing marginal product?

The concept of diminishing marginal productivity states that increasing the amount of some inputs (variable inputs) during the production period while keeping other inputs constant (fixed inputs) will eventually lead to decreased productivity.

In the short run, assume that the hiring of the second worker results in diminishing marginal product of labor, and the fixed cost remains constant.

Therefore, option C is correct.

Learn more about the fixed cost, refer to:

https://brainly.com/question/17100497

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