Table 7.4
$$\begin{array} { c c c }
\begin{array} { c }
\text { Units of } \
\text { Labor }
\end{array} & \begin{array} { c }
\text { Total } \
\text { Product }
\end{array} & \begin{array} { c }
\text { Marginal } \
\text { Product }
\end{array} \
\hline 0 & 0 & - \
1 & 6 & 6 \
2 & 14 & 8 \
3 & 24 & 10 \
4 & 36 & 12 \
5 & 42 & 6 \
6 & 46 & 4
\end{array}$$
-Refer to Table 7.4,which shows labor,total product,and marginal product for a firm.Marginal returns begin to diminish with the hiring of the _____ worker.
A)second
B)third
C)fourth
D)fifth
E)sixth

Question

Table 7.4
 $$\begin{array} { c c c } 
\begin{array} { c } 
\text { Units of } \
\text { Labor }
\end{array} & \begin{array} { c } 
\text { Total } \
\text { Product }
\end{array} & \begin{array} { c } 
\text { Marginal } \
\text { Product }
\end{array} \
\hline 0 & 0 & - \
1 & 6 & 6 \
2 & 14 & 8 \
3 & 24 & 10 \
4 & 36 & 12 \
5 & 42 & 6 \
6 & 46 & 4
\end{array}$$
-Refer to Table 7.4,which shows labor,total product,and marginal product for a firm.Marginal returns begin to diminish with the hiring of the _____ worker.
A)second
B)third
C)fourth
D)fifth
E)sixth

Quizplus · Accepted Answer

Diminishing marginal returns occur when the marginal product of the next worker is less than the marginal product of the previous worker. This begins with the hiring of the fifth worker, where the marginal product decreases from 12 to 6.

Table 74 -Refer to Table 7