-The above table shows the short-run total product schedule for the campus book store. With which employee do diminishing marginal returns set in?
A) the 9th employee
B) the 6th employee
C) the 5th employee
D) the 2nd employee

Question

-The above table shows the short-run total product schedule for the campus book store. With which employee do diminishing marginal returns set in?
A) the 9th employee 
B) the 6th employee 
C) the 5th employee 
D) the 2nd employee

Quizplus · Accepted Answer

Diminishing marginal returns set in when the addition of an extra employee results in a smaller increase in total product than the previous employee. This typically occurs after the point of maximum marginal product. In this case, it starts with the 5th employee.

-The Above Table Shows the Short-Run Total Product Schedule for the Campus