Suppose a sandwich shop currently employs four workers and the shop produces 12 sandwiches an hour. A fifth worker is hired, and the shop now produces 15 sandwiches per hour. Which of the following is true?
A) The marginal product of the fifth worker is three sandwiches.
B) The total product of the sandwich shop is now 27 sandwiches.
C) Diminishing marginal product has set in.
D) All of these are correct.
Correct Answer:
Verified
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