If total product for each of five units of labor is 10, 16, 20, ...

[bclement10]

If total product for each of five units of labor is 10, 16, 20, 30, and 34, respectively, the marginal product of the third unit is
 a. 20
  b. 10
  c. 4
  d. 0
  e. 6

Question 2

The law of diminishing marginal returns states that
 a. long-run average cost declines as output increases
  b. if the marginal product is above the average product, the average will rise
  c. as units of a variable input are added to a given amount of fixed inputs, the marginal product of the variable input eventually diminishes
  d. as a person consumes more of a good, the marginal satisfaction from that good eventually diminishes
  e. if marginal product is positive, total product rises

[medine]

Answer to Question 1

C

Answer to Question 2

C