-For the total product curve shown in Figure 7-3,diminishing marginal returns to labor
A)do not occur over this range
B)begin with the third unit of labor
C)exist for every unit of labor
D)begin with the fourth unit of labor
E)begin with the first unit of labor

Question

-For the total product curve shown in Figure 7-3,diminishing marginal returns to labor
A)do not occur over this range 
B)begin with the third unit of labor 
C)exist for every unit of labor 
D)begin with the fourth unit of labor 
E)begin with the first unit of labor

Quizplus · Accepted Answer

Diminishing marginal returns to labor begin when each additional unit of labor contributes less to the total product than the previous unit. In this scenario, it starts with the third unit of labor.

-For the Total Product Curve Shown in Figure 7-3,diminishing Marginal