Exhibit 7-1 Production of pizza data $$\begin{array} { | c | c | }
\hline \text { Workers } & \text { Pizzas } \
\hline 0 & 0 \
1 & 4 \
2 & 10 \
3 & 15 \
4 & 18 \
5 & 19 \
\hline
\end{array}$$
-Exhibit 7-1 shows the change in the short-run production of pizzas as more workers are hired. The table shows the marginal product of the labor input is decreasing with the hiring of the third worker. A possible reason for this diminishing marginal product is:

Question

Exhibit 7-1 Production of pizza data $$\begin{array} { | c | c | } 
\hline \text { Workers } & \text { Pizzas } \
\hline 0 & 0 \
1 & 4 \
2 & 10 \
3 & 15 \
4 & 18 \
5 & 19 \
\hline
\end{array}$$
-Exhibit 7-1 shows the change in the short-run production of pizzas as more workers are hired. The table shows the marginal product of the labor input is decreasing with the hiring of the third worker. A possible reason for this diminishing marginal product is:

Quizplus · Accepted Answer

As more workers are hired, they have less capital and space to work with, leading to decreased productivity per worker, which is a characteristic of diminishing marginal returns.

Exhibit 7-1 Production of Pizza Data -Exhibit 7-1 Shows the Change in the Short-Run Production of |