Refer to the following:
The amount of total output produced from various combinations of labor and capital.

$$\begin{array}{l}
\text { Units of Capital }\
\begin{array} { c c c c c c }
& & 1 & 2 & 3 & 4 \
\hline \text { Units } & 1 & 20 & 36 & 48 & 53 \
\text { of } & 2 & 38 & 68 & 88 & 94 \
\text { Iabor } & 3 & 53 & 94 & 122 & 133 \
& 4& 63 & 112 & 148 & 164 \
& 5 & 68 & 120 & 164 & 184
\end{array}
\end{array}$$
-Diminishing marginal productivity
A) occurs when the marginal product curve begins to slope downward.
B) means that adding one more unit of the variable input will reduce total product.
C) occurs eventually because each additional unit of the variable unit has, on average, fewer units of the fixed input with which to work.
D) both a and c
E) both b and c

Question

Refer to the following:
The amount of total output produced from various combinations of labor and capital.

$$\begin{array}{l}
     \text { Units of Capital }\
\begin{array} { c c c c c c } 
& & 1 & 2 & 3 & 4 \
\hline  \text { Units } & 1 & 20 & 36 & 48 & 53 \
\text { of } & 2 & 38 & 68 & 88 & 94 \
\text { Iabor } & 3 & 53 & 94 & 122 & 133 \
& 4& 63 & 112 & 148 & 164 \
& 5  & 68 & 120 & 164 & 184
\end{array}
\end{array}$$
-Diminishing marginal productivity
A) occurs when the marginal product curve begins to slope downward.
B) means that adding one more unit of the variable input will reduce total product.
C) occurs eventually because each additional unit of the variable unit has, on average, fewer units of the fixed input with which to work.
D) both a and c
E) both b and c

Quizplus · Accepted Answer

Diminishing marginal productivity occurs when the marginal product curve begins to slope downward (A) and eventually happens because each additional unit of the variable input has fewer units of the fixed input to work with (C).

Refer to the Following: the Amount of Total Output Produced

Refer to the Following:
the Amount of Total Output Produced