-In the above table, diminishing marginal product occurs after employing the
A) first worker.
B) second worker.
C) third worker.
D) fourth worker.

Question

-In the above table, diminishing marginal product occurs after employing the
A) first worker. 
B) second worker. 
C) third worker. 
D) fourth worker.

Quizplus · Accepted Answer

The marginal product of labor is the additional output produced by hiring one more worker. In the table, the marginal product of labor is 10 for the first worker, 8 for the second worker, 6 for the third worker, and 4 for the fourth worker. This shows that the marginal product of labor is diminishing, as the additional output produced by hiring one more worker is getting smaller.

-In the Above Table, Diminishing Marginal Product Occurs After Employing