Assume that the only variable resource used to produce output is labor. Refer to the provided table. Diminishing marginal returns set in with the addition of the
A)first unit of labor.
B)second unit of labor.
C)third unit of labor.
D)fourth unit of labor.

Question

Assume that the only variable resource used to produce output is labor.  Refer to the provided table. Diminishing marginal returns set in with the addition of the
A)first unit of labor. 
B)second unit of labor. 
C)third unit of labor. 
D)fourth unit of labor.

Quizplus · Accepted Answer

The Answer of Assume that the only variable resource used to produce output is labor.  Refer to the provided table. Diminishing marginal returns set in with the addition of the
A)first unit of labor. 
B)second unit of labor. 
C)third unit of labor. 
D)fourth unit of labor.

Assume That the Only Variable Resource Used to Produce Output