Exhibit 7-3 A marginal product curve 200 150 Marginal 100 product 50 MP 0 1 2 3 45 6 7 8 9 10 11 12 Quantity of workers (per day) As shown in Exhibit 7-3, the law of diminishing returns applies where there are: O more than 4 workers per day. more than 3 workers per day. O between O and 5 workers per day. more than 5 workers per day.
Exhibit 7-3 A marginal product curve 200 150 Marginal 100 product 50 MP 0 1 2 3 45 6 7 8 9 10 11 12 Quantity of workers (per day) As shown in Exhibit 7-3, the law of diminishing returns applies where there are: O more than 4 workers per day. more than 3 workers per day. O between O and 5 workers per day. more than 5 workers per day.
Chapter1: Making Economics Decisions
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Transcribed Image Text:Exhibit 7-3 A marginal product curve
200
150
Marginal
product
100
50
0 1 2 3 4 5 6 7 8 9 10 11 12
Quantity of workers
(per day)
As shown in Exhibit 7-3, the law of diminishing returns applies where there are:
O more than 4 workers per day.
O more than 3 workers per day.
O between 0 and 5 workers per day.
O more than 5 workers per day.
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