Refer to Table 11-1. Diminishing marginal returns sets in when ...

[Bernana]

Refer to Table 11-1. Diminishing marginal returns sets in when the ________ worker is hired.
 
  A) 2nd
  B) 3rd
  C) 4th
  D) None of the above; the production function displays increasing marginal returns.

Question 2

If the market price is 40, the average revenue of selling five units is
 
  A) 8. B) 20. C) 40. D) 200.

[parshano]

Answer to Question 1

B

Answer to Question 2

C

[Bernana]

Thanks for the timely response, appreciate it

[meow1234]

Great answer, keep it coming