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Author Question: Quantity of Labor (workers)0123456Total Product (units per hour)0259151817 The table above shows the ... (Read 131 times)

soccerdreamer_17

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Quantity of Labor (workers)0123456
Total Product (units per hour)0259151817


The table above shows the total product schedule for The X Firm. Decreasing marginal returns occur with the ________ worker because ________.
◦ 5th; the marginal product of labor for the 5th worker is less than the marginal product of the 4th worker
◦ 5th; the average product of labor is also declining
◦ 4th; output reaches is maximum
◦ 6th; output starts to decline
◦ 6th; the marginal product of labor is greater than the average product of labor


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Marked as best answer by soccerdreamer_17 on May 24, 2019

scikid

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