Marginal physical product diminishes as additional workers

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Marginal physical product diminishes as additional workers are hired because

1. Each worker has an increasingly smaller amount of other factors with which to work.

2. Each worker has an increasingly larger amount of other factors with which to work.

3. Later hires are not as skilled as earlier hires.

4. Later hires do not work as hard as earlier hires.

Reference no: EM131162983

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