Table 13-5
-Refer to Table 13-5. Diminishing marginal product begins with the addition of the
A)second worker.
B)third worker.
C)fourth worker.
D)fifth worker.

Question

Table 13-5 
-Refer to Table 13-5. Diminishing marginal product begins with the addition of the
A)second worker. 
B)third worker. 
C)fourth worker. 
D)fifth worker.

Quizplus · Accepted Answer

The table shows that the marginal product of labor (MPL) starts to diminish with the addition of the third worker. The MPL for the second worker is higher than the MPL for the first worker, indicating increasing returns to labor. However, the MPL for the third worker is lower than the MPL for the second worker, indicating diminishing returns to labor. Thus, the best choice is B - third worker.

Table 13-5 -Refer to Table 13-5. Diminishing Marginal Product Begins with the Begins