Table 6.1
$$\begin{array} { | c | c | }
\hline \begin{array} { c }
\text { Number of } \
\text { Workers }
\end{array} & \begin{array} { c }
\text { Mushrooms per } \
\text { Day (metrics) }
\end{array} \
\hline 1 & 12 \
\hline 2 & 30 \
\hline 3 & 45 \
\hline 4 & 50 \
\hline 5 & 54 \
\hline 6 & 56 \
\hline
\end{array}$$ Table 6.1 shows the technology of production at the Matsuko's Mushroom Farm for the month of May.
-Refer to Table 6.1.Diminishing marginal returns sets in when the ________ worker is hired.

Question

Table 6.1
 $$\begin{array} { | c | c | } 
\hline \begin{array} { c } 
\text { Number of } \
\text { Workers }
\end{array} & \begin{array} { c } 
\text { Mushrooms per } \
\text { Day (metrics) }
\end{array} \
\hline 1 & 12 \
\hline 2 & 30 \
\hline 3 & 45 \
\hline 4 & 50 \
\hline 5 & 54 \
\hline 6 & 56 \
\hline
\end{array}$$ Table 6.1 shows the technology of production at the Matsuko's Mushroom Farm for the month of May.
-Refer to Table 6.1.Diminishing marginal returns sets in when the ________ worker is hired.

Quizplus · Accepted Answer

The production function displays increasing marginal returns up until the third worker is hired. After that, diminishing marginal returns sets in and the marginal product of each additional worker decreases.

Table 61 Table 61 Shows the Technology of Production at the Matsuko's Mushroom