The following question are based on the following information:
A firm uses inputs of labor, fertilizer, and land to produce strawberries (which are sold to wholesalers and processors). The quantity of land used is fixed at eight acres per season and the production function implies the relationships in the following table:

-It can be said that this firm experiences diminishing returns beyond the employment of the ________ unit of labor.
A) first
B) second
C) third
D) fourth
E) fifth

Question

The following question are based on the following information:
A firm uses inputs of labor, fertilizer, and land to produce strawberries (which are sold to wholesalers and processors). The quantity of land used is fixed at eight acres per season and the production function implies the relationships in the following table:
 
-It can be said that this firm experiences diminishing returns beyond the employment of the ________ unit of labor.
A) first 
B) second 
C) third 
D) fourth 
E) fifth

Quizplus · Accepted Answer

The Answer of The following question are based on the following information:
A firm uses inputs of labor, fertilizer, and land to produce strawberries (which are sold to wholesalers and processors). The quantity of land used is fixed at eight acres per season and the production function implies the relationships in the following table:
 
-It can be said that this firm experiences diminishing returns beyond the employment of the ________ unit of labor.
A) first 
B) second 
C) third 
D) fourth 
E) fifth

The Following Question Are Based on the Following Information