Total product(lawns mowed per week)Quantity of labor(workers)130557548082Kenya owns a lawn mowing company. His total product schedule is in the abovetable. Decreasing marginal returns first occur with theA) fifth worker.B) third worker.C) fourth worker.D) first worker.E) second worker.

Marginal product is the change in total product with respect to change and labour inputs.

Quantity of labor Total product (workers) (lawns mowed per week) 1 30 55 75 80 82 Kenya owns a lawn mowing company. His total product schedule is in the abo table. Decreasing marginal returns first occur with the A) fifth worker. B) third worker. C) fourth worker. D) first worker. E) second worker. 234 5

Quantity of labor Total product (workers) (lawns mowed per week) 1 30 55 75 80 82 Kenya owns a lawn mowing company. His total product schedule is in the abo table. Decreasing marginal returns first occur with the A) fifth worker. B) third worker. C) fourth worker. D) first worker. E) second worker. 234 5

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter7: Production, Costs, And Industry Structure

Section: Chapter Questions

Problem 23RQ: Which costs are measured on per-unit basis: fixed costs, average cost, avenge variable cost,...

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