The table shows how the output of wool fabric varies with the number of workers employed in a factory. Labor Output (yards of fabric per day) (number of workers) 1 15 2 40 3 55 4 65 5 70 70 Based on the data in the table, diminishing marginal returns begin after Select one: O a. the fifth worker is employed. O b. the first worker is employed. the sixth worker is employed. O d. the third worker is employed. O e. the second worker is employed.

Exploring Economics
8th Edition
ISBN:9781544336329
Author:Robert L. Sexton
Publisher:Robert L. Sexton
Chapter11: The Firm: Production And Costs
Section: Chapter Questions
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The table shows how the output of wool fabric varies with the number of workers employed
in a factory.
Labor
Output
(yards of fabric per day)
(number of workers)
1
15
2
40
3
55
4
65
70
70
Based on the data in the table, diminishing marginal returns begin after
Select one:
O a. the fifth worker is employed.
O b. the first worker is employed.
O c. the sixth worker is employed.
O d. the third worker is employed.
O e. the second worker is employed.
Transcribed Image Text:The table shows how the output of wool fabric varies with the number of workers employed in a factory. Labor Output (yards of fabric per day) (number of workers) 1 15 2 40 3 55 4 65 70 70 Based on the data in the table, diminishing marginal returns begin after Select one: O a. the fifth worker is employed. O b. the first worker is employed. O c. the sixth worker is employed. O d. the third worker is employed. O e. the second worker is employed.
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