Table 8.4
-Refer to Table 8.4.There are diminishing returns to labor for

Question

Quizplus · Accepted Answer

Diminishing returns to labor occur when adding an additional worker results in a smaller increase in output than the previous worker added. Without seeing Table 8.4, the correct answer typically involves a range where additional workers contribute less to output than their predecessors, which is often not at the very beginning of hiring (where each additional worker can significantly increase output) but starts after a certain point, hence the choice indicating a specific range of workers (4 through 5) suggests where diminishing returns begin to manifest.

Table 8.4 -Refer to Table 8.4.There Are Diminishing Returns to Labor for Labor