macm Graded Homework with Graphing Questions - Chapter 7 ne 54 5.4 the average p
ID: 1147863 • Letter: M
Question
macm Graded Homework with Graphing Questions - Chapter 7 ne 54 5.4 the average product will be negative. the average product rises the average product declines. the marginal product will be negative. 310. (Table) Based on the table, diminishing marginal returns begin with the: Labor Total MP AP Product 12 21 31 40 48 4. 10 7.75 71 3 7.12 6.33 5.4 57 9 10 54 eighth worker seventh worker e sixth worker. fifth worker 11. (Figure: Determining Marginal Returns) Based on both the table and the fig Average Product and Marginal Product 12 10 8Explanation / Answer
10.
Option 4: Fifth worker
Note that the MP begins to falls when 5th labor is hired. Hence, diminishing marginal returns kicks in at fifth worker
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