Answer the following questions.
a. Mathematically, why would the average product of labor decrease as a firm hires more workers?
b. If capital inputs cannot be adjusted, what must eventually happen to the marginal product of labor as the firm hires more workers?
c. Graph a production function that exhibits diminishing marginal product of labor.

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The Answer of Answer the following questions.
a. Mathematically, why would the average product of labor decrease as a firm hires more workers?
b. If capital inputs cannot be adjusted, what must eventually happen to the marginal product of labor as the firm hires more workers?
c. Graph a production function that exhibits diminishing marginal product of labor.

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