Number Of Output Workers 1 50 2. 110 3. 300 4 450 590 665 700 725 710 10 705 According to the above table, At what point does diminishing returns set in? 4th labor O 3rd labor O 1st labor O 2nd labor 5678a

Number Of Output Workers 1 50 2. 110 3. 300 4 450 590 665 700 725 710 10 705 According to the above table, At what point does diminishing returns set in? 4th labor O 3rd labor O 1st labor O 2nd labor 5678a

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

100%

Number Of
Output
Workers
1
50
110
300
4
450
590
665
700
8.
725
710
10
705
According to the above table, At what point does diminishing retums set in?
O 4th labor
3rd labor
O 1st labor
O 2nd labor

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