Table 13-3
-On a 200-acre farm, a farmer is able to produce 2,000 bushels of wheat when he hires 2 workers. He is able to produce 2,800 bushels of wheat when he hires 3 workers. Which of the following possibilities is consistent with the property of diminishing marginal product?
A) The farmer is able to produce 3,360 bushels of wheat when he hires 4 workers.
B) The farmer is able to produce 3,600 bushels of wheat when he hires 4 workers.
C) The farmer is able to produce 3,800 bushels of wheat when he hires 4 workers.
D) The farmer is able to produce 4,000 bushels of wheat when he hires 4 workers.
Correct Answer:
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