Exhibit 7-12

-Given the information in Exhibit 7-12,at what point do diminishing marginal returns set in?

Name: Exhibit 7-12 -Given the information in Exhibit 7-12,at what point do diminishing marginal returns set in?
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Question

Exhibit 7-12
 
-Given the information in Exhibit 7-12,at what point do diminishing marginal returns set in?

Quizplus · Accepted Answer

Diminishing marginal returns set in when the addition of an extra worker results in a smaller increase in output than the previous worker added. This typically occurs after the second worker is added, as each additional worker contributes less to total output than the one before.

Exhibit 7-12 -Given the Information in Exhibit 7-12,at What Point Do Diminishing