could someone lend me a hand with this question please? Los Angeles Harbor Coll.
ID: 1167065 • Letter: C
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could someone lend me a hand with this question please?
Los Angeles Harbor Coll. ? C ? www.saplinglearning com/ibiscms/modibis/view.php?id-563740.4 Apps Canvas Loan Cengege Login Student Emel Lour Anthro Class Bcok Economics onine h Student Informatio ? cornert2m 3 net-C , 1 Amazon Credit Car C Chegg Book Rentals Cheg Book Rentals w Transition words & W Transition Words & Sapling Learning mzcmilan leaming Jump to... Carlos Martinez My Score 7/14/2018 1159 PM 8.5/34 Gradebook Quesiun 10 cl 28 Available From: 7//2018 06:00 AM Due Date: Points Passible: 24 Grade Category: Graded Description: 14/2018 11:59 PM Sapling Learning Below is praduction infarmalion for a firm that uses a fixed arount af capital and varying amounls af labor. Us this information to answer the questians. Do not raund your answers. Workers Wha is the average What is the preduct of the third worker? tol praduct) product af the second worker? HW Econ LAHC F1S 50 You can check your answers You can keep trying to answer each question until you get it right or give up. You can view solutions after due dates for all srudents in the class have passed. You lose 20% of the points available to each answer in your question for each incorredt atrempt at thar answer For multiple-choice questions, the penalty depends on the number of choices available. Units Units 250 What are diminishing msrginsl returns, and with which woker do they set in for this firm Diminishing returns occur in the short run when variale inputs are added to s fixed input and ncreases. In his case, diminishing retums set in with the second worker 50 marginal returns occur in the short run when fixnd inputs are added to a variable input, and 10 product dedines. In this case, diminishing retums set in with the fourth worker Diminishing marginel returns occur in the short run when variable inputs are added to a fxed input and avaraga produt decines. In this case, diminishing returns set in wth the fourth worker Diminishing marginal O eTexthook returns occur in the short run when variable inputs are added to s fixed input and 12 0 dedines. In this case, diminishing retums set in with the fourth worker O Help With This Topic 13 D 14 O Web Help &Videos; 15 0 Hint 2011 2018 Sapling Learring, Inc. 1207 PM O Type here to search R 1/12/2018Explanation / Answer
Marginal product of the third worker= total product of third worker - total product of second worker
= 21-15= 6
Average product of second worker= total product of two workers / number of workers
= 15/2= 7.5
Correct statement-
Diminishing marginal returns occur in the short run when variable inputs are added to fixed inputs and marginal product declines. In this case diminishing returns set in with the fourth worker.
This is because marginal product at fourth worker is 25-21= 4 which is less than marginal product at third worker.
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