The following table shows the total output produced in a factory at various levels of employment of labor.The firm sells each unit of output at $2 and each worker is paid a wage of $32.
Table 5-1

-Refer to Table 5-1.Diminishing returns to labor occurs beyond _____ workers.
A)4
B)3
C)5
D)9

Question

The following table shows the total output produced in a factory at various levels of employment of labor.The firm sells each unit of output at $2 and each worker is paid a wage of $32.
Table 5-1
 
-Refer to Table 5-1.Diminishing returns to labor occurs beyond _____ workers.
A)4 
B)3 
C)5 
D)9

Quizplus · Accepted Answer

Diminishing returns to labor occur when each additional worker contributes less to output than the previous one. This typically starts after the point where the marginal product of labor begins to decrease.

The Following Table Shows the Total Output Produced in a Factory