Questions: Question 1 (1 point) The marginal product of labor curve potentially increases initially as workers are able to specialize, but always eventually decreases in the short run as workers must share fixed inputs. the firm is able to expand its plant size. all the options are correct.

Question 1 (1 point)

The marginal product of labor curve potentially increases initially as workers are able to specialize, but always eventually decreases in the short run as workers must share fixed inputs. the firm is able to expand its plant size. all the options are correct.

Transcript text: Question 1 (1 point) Listen The marginal product of labor curve potentially increases initially as workers are able to specialize, but always eventually decreases in the short run as the short run turns into the long run. workers must share fixed inputs. the firm is able to expand its plant size. all the options are correct.

Solution

The answer is the second one: workers must share fixed inputs.

Explanation for each option:

"The short run turns into the long run" - This is incorrect because the marginal product of labor curve is specifically a short-run concept. The transition to the long run involves changes in all inputs, not just labor.
"Workers must share fixed inputs" - This is correct. In the short run, some inputs are fixed, and as more workers are added, they have to share these fixed inputs (like machinery or workspace), leading to diminishing marginal returns.
"The firm is able to expand its plant size" - This is incorrect because expanding plant size is a long-run adjustment, not a short-run one.
"All the options are correct" - This is incorrect because not all the options provided are correct.

Summary: The marginal product of labor curve eventually decreases in the short run because workers must share fixed inputs.

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