Academic Integrity: tutoring, explanations, and feedback — we don’t complete graded work or submit on a student’s behalf.

Suppose that you run a house-painting company and currently have 2 workers paint

ID: 2506333 • Letter: S

Question

Suppose that you run a house-painting company and currently have 2 workers painting a total of 4 houses per month.  If you hire a third worker, 6 houses can be painted per month.  If you hire a fourth worker, 9 houses can be painted, and a fifth and sixth worker will increase the number of houses painted to 13 and 15, respectively.  Diminishing returns

set in when the fourth worker is hired. set in when the fifth worker is hired. set in when the sixth worker is hired. have not yet set in because output is still increasing. Suppose that you run a house-painting company and currently have 2 workers painting a total of 4 houses per month.  If you hire a third worker, 6 houses can be painted per month.  If you hire a fourth worker, 9 houses can be painted, and a fifth and sixth worker will increase the number of houses painted to 13 and 15, respectively.  Diminishing returns

set in when the fourth worker is hired. set in when the fifth worker is hired. set in when the sixth worker is hired. have not yet set in because output is still increasing. set in when the fourth worker is hired. set in when the fifth worker is hired. set in when the sixth worker is hired. have not yet set in because output is still increasing.

Explanation / Answer

Set in when the sixth worker is hired


because till the fifth worker the returns are increasing that is the number of houses that can be painted are increasing with increasing difference. But after the sixth worker, the improvement in the number of houses decreases!

Hire Me For All Your Tutoring Needs
Integrity-first tutoring: clear explanations, guidance, and feedback.
Drop an Email at
drjack9650@gmail.com
Chat Now And Get Quote