Table 7.2 shows labor and the quantity of shoes produced by a firm. Given the information in the table below, at which point do diminishing marginal returns set in?
Table 7.2

A)Before the first unit of labor
B)Between the first and second units of labor
C)Between the second and third units of labor
D)Between the third and fourth units of labor
E)Between the fourth and fifth units of labor

Question

Table 7.2 shows labor and the quantity of shoes produced by a firm. Given the information in the table below, at which point do diminishing marginal returns set in?​ ​
Table 7.2
​

A)Before the first unit of labor 
B)Between the first and second units of labor​ 
C)Between the second and third units of labor​ 
D)Between the third and fourth units of labor​ 
E)Between the fourth and fifth units of labor​

Quizplus · Accepted Answer

The Answer of Table 7.2 shows labor and the quantity of shoes produced by a firm. Given the information in the table below, at which point do diminishing marginal returns set in?​ ​
Table 7.2
​

A)Before the first unit of labor 
B)Between the first and second units of labor​ 
C)Between the second and third units of labor​ 
D)Between the third and fourth units of labor​ 
E)Between the fourth and fifth units of labor​

Table 72 Shows Labor and the Quantity of Shoes Produced by by a Firm