When Caroline's dress factory hires two workers, the total product is 50 dresses.When she hires three workers, total product is 48, and when she hires four workers, total product is 46.The marginal product of the third and fourth workers is
A) increasing and positive
B) increasing and negative
C) decreasing and positive
D) decreasing and negative.
Correct Answer:
Verified
Q22: Figure: The Total Product Q23: Figure: The Total Product Q24: Figure: The Total Product Q26: Diminishing marginal returns occur when: Q28: When an additional unit of a variable Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents
A)each additional unit