Question 34 For the following output data, assume that the amounts of all nonlabour resources are fixed. Number of Workers Output 0 0 40 90 126 150 165 2 3 4 5 6 Diminishing marginal returns is first evident when the 4th 3rd 6th 2nd 174 5th worker is hired.

Microeconomics
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ISBN:9781337617406
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter13: Factor Markets: With Emphasis On The Labor Market
Section13.1: Factor Market
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Question 34
For the following output data, assume that the amounts of all nonlabour resources are fixed.
Number of
Workers Output
0
0
1
2
3
4
5
6
4th
Diminishing marginal returns is first evident when the
3rd
6th
2nd
40
5th
90
126
150
165
174
worker is hired.
Transcribed Image Text:Question 34 For the following output data, assume that the amounts of all nonlabour resources are fixed. Number of Workers Output 0 0 1 2 3 4 5 6 4th Diminishing marginal returns is first evident when the 3rd 6th 2nd 40 5th 90 126 150 165 174 worker is hired.
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