$\text { Table 29.1a }$
$\begin{array}{|l|l|l|}
\hline \text { Capital } & \text { Labor } & \text { Output } \
\hline 10 & 1 & 40 \
\hline 10 & 2 & 90 \
\hline 10 & 3 & 150 \
\hline 10 & 4 & 200 \
\hline 10 & 5 & 240 \
\hline 10 & 6 & 270 \
\hline 10 & 7 & 290 \
\hline 10 & 8 & 300 \
\hline 10 & 9 & 300 \
\hline
\end{array}$

-In Table 29.1a, at what point does diminishing marginal returns set in?

Question

$\text { Table 29.1a }$
$\begin{array}{|l|l|l|}
\hline \text { Capital } & \text { Labor } & \text { Output } \
\hline 10 & 1 & 40 \
\hline 10 & 2 & 90 \
\hline 10 & 3 & 150 \
\hline 10 & 4 & 200 \
\hline 10 & 5 & 240 \
\hline 10 & 6 & 270 \
\hline 10 & 7 & 290 \
\hline 10 & 8 & 300 \
\hline 10 & 9 & 300 \
\hline
\end{array}$

-In Table 29.1a, at what point does diminishing marginal returns set in?

Quizplus · Accepted Answer

Diminishing marginal returns occur when adding an additional unit of a variable input results in a smaller increase in output than the previous unit added. In this table, we can see that when the fourth worker is added, the increase in output is 50 (200 - 150), which is smaller than the increase in output from adding the third worker, which was 60 (150 - 90). Therefore, diminishing marginal returns have set in at the fourth worker.

Table 29.1a \text { Table 29.1a } Table 29.1a -In Table 29

$\text { Table 29.1a }$ -In Table 29