Use the following data to answer the question. $\begin{array} { | c | c | }
\hline \text { Inputs of Labor } & \text { Total Product } \
\hline 0 & 0 \
\hline 1 & 8 \
\hline 2 & 18 \
\hline 3 & 25 \
\hline 4 & 30 \
\hline 5 & 33 \
\hline 6 & 34 \
\hline 7 & 32 \
\hline
\end{array}$ Diminishing returns begin to occur with the hiring of the unit of labor.

Question

Use the following data to answer the question. $\begin{array} { | c | c | } 
\hline \text { Inputs of Labor } & \text { Total Product } \
\hline 0 & 0 \
\hline 1 & 8 \
\hline 2 & 18 \
\hline 3 & 25 \
\hline 4 & 30 \
\hline 5 & 33 \
\hline 6 & 34 \
\hline 7 & 32 \
\hline
\end{array}$ Diminishing returns begin to occur with the hiring of the unit of labor.

Quizplus · Accepted Answer

Diminishing returns begin when each additional unit of labor adds less to the total product than the previous unit. This starts after the second unit, as the third unit adds only 7 (from 18 to 25), which is less than the 10 added by the second unit.

Use the Following Data to Answer the Question Diminishing Returns Begin to Occur with the Hiring of the |