Jump to content

Talk:Marginal product of labor

Page contents not supported in other languages.
From Wikipedia, the free encyclopedia

This is an old revision of this page, as edited by 206.205.22.18 (talk) at 20:46, 28 February 2011 (Marginal Product of Labor Table: new section). The present address (URL) is a permanent link to this revision, which may differ significantly from the current revision.

Deprod

I have deprodded the article because I believe it can be expanded from its current state to resemble Marginal revenue.Smallman12q (talk) 22:22, 17 February 2009 (UTC)[reply]

Google currently has 2.5m results...so I'm going to start expanding the article now.Smallman12q (talk) 22:29, 17 February 2009 (UTC)[reply]

Examples

The question is why a manager of a firm would begin operating with one worker? Why wouldn't the manager fully staff the operation before beginning productio? As for diminishing returns, why wouldn't a rational manager reserve capacity for future expansion? --Jgard5000 (talk) 23:20, 15 September 2009 (UTC)Jgard5000[reply]

There is nothing about MP of labor that says that a manager *would* begin operating with one worker. The example of one worker serves as a simple way of describing MP. Wikiant (talk) 11:52, 30 September 2009 (UTC)[reply]

Yeager

Leland Yeager is NOT a member of the Austrian School, he is a self-described fellow traveller of both Austrians and monetarists —Preceding unsigned comment added by 77.254.18.3 (talk) 21:13, 31 January 2010 (UTC)[reply]

Marginal Product of Labor Table

How is it that hiring the eighth worker causes output to fall, but hiring the ninth causes it to rise again? I suppose something like that might be empirically observable (maybe the eighth and ninth people go off in a closet by themselves and cease bothering the first seven workers), but it doesn't seem to be a good illustration of the economic concepts being discussed. The image's page (http://en.wikipedia.org/wiki/File:Marginal_Product_of_Labor1_copy.png) doesn't offer any clarity.

I propose that if no one can come up with an objection, the table be altered so that marginal returns do not go positive again after initially turning negative.