150 Marginal 100 product (units per day) 50 25 MP- 5 0 1 2 3 4 Quantity of labor (number of workers per day) As shown in Exhibit 6-4, the law of diminishing returns applies in the range of: O a. between 0 and 3 workers per day. b. over 1 workers per day. c. between 0 and 5 workers per day. d. over 3 workers per day.
150 Marginal 100 product (units per day) 50 25 MP- 5 0 1 2 3 4 Quantity of labor (number of workers per day) As shown in Exhibit 6-4, the law of diminishing returns applies in the range of: O a. between 0 and 3 workers per day. b. over 1 workers per day. c. between 0 and 5 workers per day. d. over 3 workers per day.
Micro Economics For Today
10th Edition
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter11: Labor Markets
Section: Chapter Questions
Problem 1SQ
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