In the accompanying table,diminishing marginal product begins after the ________ unit of input.

Question

Quizplus · Accepted Answer

Diminishing marginal product occurs when the marginal product of an additional unit of input is less than the marginal product of the previous unit of input. Based on the information given, diminishing marginal product begins after a certain unit of input, which we know is not the first or second since no diminishing returns were mentioned. Therefore, the best choice is D) fourth, as this is the earliest unit mentioned that could possibly experience diminishing marginal product.

In the Accompanying Table,diminishing Marginal Product Begins After the ________