Table 11-2

-Refer to Table 11-2.The table above refers to the relationship between the quantity of workers employed and the number of cardboard boxes produced per day by Manny's House of Boxes.The capital used to produce the boxes is fixed.Diminishing returns to labor are first observed in this example after Manny hires the ________ worker.

Question

Table 11-2
 
-Refer to Table 11-2.The table above refers to the relationship between the quantity of workers employed and the number of cardboard boxes produced per day by Manny's House of Boxes.The capital used to produce the boxes is fixed.Diminishing returns to labor are first observed in this example after Manny hires the ________ worker.

Quizplus · Accepted Answer

Diminishing returns to labor occur when adding an additional worker results in a smaller increase in output than the previous worker. This is first observed after hiring the third worker, as the increase in output from the third worker is less than the increase from the second worker.

Table 11-2 -Refer to Table 11-2.The Table Above Refers to the Relationship