Q1: CH 8 (10%) At a management luncheon, two managers were overheard arguing about the following statement: “A manager should never hire another worker if the new person causes diminishing returns.” Is this statement correct? If so, why? If not, explain why not. The manager quoted in the passage above is incorrect. If the new worker causes diminishing returns, it means that she produces less than the worker hired before her. Let’s say that a restaurant hires workers at the rate of $80 per day…
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