-Refer to the above table. At what quantity of labor does the law of diminishing marginal product set in?
A) After 1 unit.
B) After 2 units.
C) After 3 units.
D) After 6 units.

Name: -Refer to the above table. At what quantity of labor does the law of diminishing marginal product set in? A) After 1 unit. B) After 2 units. C) After 3 units. D) After 6 units.
Brand: Quizplus
Rating: 4.9 (34 reviews)

Question

-Refer to the above table. At what quantity of labor does the law of diminishing marginal product set in?
A) After 1 unit. 
B) After 2 units. 
C) After 3 units. 
D) After 6 units.

Quizplus · Accepted Answer

The law of diminishing marginal product sets in after 2 units of labor, as the marginal product of labor decreases from 10 to 8.

-Refer to the Above Table