Figure 11-2

-Refer to Figure 11-2.Diminishing returns to labor set in
A)after L₁.
B)after L₂.
C)after L₃.
D)immediately.

Name: Figure 11-2 -Refer to Figure 11-2.Diminishing returns to labor set in A)after L₁. B)after L₂. C)after L₃. D)immediately.
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Question

Figure 11-2
 
-Refer to Figure 11-2.Diminishing returns to labor set in
A)after L₁. 
B)after L₂. 
C)after L₃. 
D)immediately.

Quizplus · Accepted Answer

Diminishing returns to labor set in after L₁ because at that point, adding more labor units results in a smaller increase in output.

Figure 11-2 -Refer to Figure 11-2.Diminishing Returns to Labor Set in