How diminish marginal productivity affect marginal revenues

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Reference no: EM132604190

In the workplace, you often see diminishing marginal product, where the additional output produced per worker drops as they perform their jobs over time.

Question 1: As a manager, what are some practical things you could do to raise marginal product per employee that also benefit the firm? In your answer use a company you currently work for or one you worked for in the past.

Question 2: Give specific examples and discuss how diminishing marginal productivity affect marginal revenues and profits of firms.

Reference no: EM132604190

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