Land (piece) 1 1 Tractor (units) 2 NNNNNNNN 2 2 2 2 2 2 2 Worker (peoples) 1 2 3 5 6 7 8 Total product (tons) 8 24 54 82 95 100 100 96 Average Product (tons) Marginal Product (tons) Identify the time frame of this firm is operating in and give your reason. At which number of workers, the diminishing marginal return begins? Why diminishing marginal return could happen?
Land (piece) 1 1 Tractor (units) 2 NNNNNNNN 2 2 2 2 2 2 2 Worker (peoples) 1 2 3 5 6 7 8 Total product (tons) 8 24 54 82 95 100 100 96 Average Product (tons) Marginal Product (tons) Identify the time frame of this firm is operating in and give your reason. At which number of workers, the diminishing marginal return begins? Why diminishing marginal return could happen?
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
![23:40 Tue, 27 Dec
Table 1 shows the production of corn by Syarikat Usaha. Answer the following
questions based on the table.
Land
(piece)
1
1
1
1
1
Tractor
(units)
2
2
2
2
2
2
2
2
Document (3) - Saved
Table 1. Production of corn
Total
product
(tons)
8
24
Worker
(peoples)
1
2
3
4
5
6
7
8
54
82
95
100
100
96
Average
Product
(tons)
Marginal
Product
(tons)
Identify the time frame of this firm is operating in and give your reason.
At which number of workers, the diminishing marginal return begins? Why
diminishing marginal return could happen?
**22%
ir](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fa964a701-ebde-441e-8ac9-bfdd0a8a15ea%2F520f7292-1ee3-45b4-a666-226d4b8cd0da%2Fwa2q988_processed.jpeg&w=3840&q=75)
Transcribed Image Text:23:40 Tue, 27 Dec
Table 1 shows the production of corn by Syarikat Usaha. Answer the following
questions based on the table.
Land
(piece)
1
1
1
1
1
Tractor
(units)
2
2
2
2
2
2
2
2
Document (3) - Saved
Table 1. Production of corn
Total
product
(tons)
8
24
Worker
(peoples)
1
2
3
4
5
6
7
8
54
82
95
100
100
96
Average
Product
(tons)
Marginal
Product
(tons)
Identify the time frame of this firm is operating in and give your reason.
At which number of workers, the diminishing marginal return begins? Why
diminishing marginal return could happen?
**22%
ir
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