-The above table shows the short- run total product schedule for the campus bookshop. When the bookshop hires the third employee,
A) marginal product is at its maximum.
B) both marginal and average product have already begun to decline.
C) the bookshop has already begun to experience diminishing marginal returns, but average product is still rising.
D) the bookshop is still experiencing increasing marginal returns.

Question

-The above table shows the short- run total product schedule for the campus bookshop. When the bookshop hires the third employee,
A) marginal product is at its maximum. 
B) both marginal and average product have already begun to decline. 
C) the bookshop has already begun to experience diminishing marginal returns, but average product is still rising. 
D) the bookshop is still experiencing increasing marginal returns.

Quizplus · Accepted Answer

The Answer of 
-The above table shows the short- run total product schedule for the campus bookshop. When the bookshop hires the third employee,
A) marginal product is at its maximum. 
B) both marginal and average product have already begun to decline. 
C) the bookshop has already begun to experience diminishing marginal returns, but average product is still rising. 
D) the bookshop is still experiencing increasing marginal returns.

-The Above Table Shows the Short- Run Total Product Schedule