Question 2: Table: Total and marginal product of labour Output (total product per week) Labour inputs Marginal product of (workers) labour 1 3 2 9 14 4 18 5 21 23 Where (at which labour) does "diminishing marginal returns to labour" begin to be seen? Why?

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Author:Tucker, Irvin B.
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Chapter6: Proudction Costs
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Question 2:
Table: Total and marginal product of labour
Labour inputs
Output (total product per
Marginal product of
(workers)
week)
labour
1
3
2
3
14
4
18
5
21
23
Where (at which labour) does "diminishing marginal returns to labour" begin to be seen?
Why?
Transcribed Image Text:Question 2: Table: Total and marginal product of labour Labour inputs Output (total product per Marginal product of (workers) week) labour 1 3 2 3 14 4 18 5 21 23 Where (at which labour) does "diminishing marginal returns to labour" begin to be seen? Why?
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