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The Relationship Between Labour Usage and Output at the Local

Question 3

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The relationship between labour usage and output at the local Starducks is summarized in the table below.The price of a cup of espresso is $1.25 and no other inputs are required. The relationship between labour usage and output at the local Starducks is summarized in the table below.The price of a cup of espresso is $1.25 and no other inputs are required.   -Refer to the information above.The marginal product of the third worker is __________ the marginal product of the second worker,which means that __________. A)  greater than;diminishing returns are absent B)  less than;diminishing returns are present C)  equal to;the third worker will be hired D)  less than;diminishing returns are absent E)  greater than;diminishing returns are present
-Refer to the information above.The marginal product of the third worker is __________ the marginal product of the second worker,which means that __________.


A) greater than;diminishing returns are absent
B) less than;diminishing returns are present
C) equal to;the third worker will be hired
D) less than;diminishing returns are absent
E) greater than;diminishing returns are present

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