A great resource market simulation that demonstrates MRP and MRC and explains why each worker generates less revenue than previous workers. Have the students calculate the additional revenue generated by each worker to determine if they should hire them.
*Please keep in mind*
Diminishing marginal returns is not the result of tired or lazy workers. It is the result of fixed resources.
You guys make a good point.
i know this is period 5.
good job
-chris, the little guy you like to mess with when i come in.
x8ter 3 years ago