Figure 11-2
-Refer to Figure 11-2.Diminishing returns to labor set in
A)after L1.
B)after L2.
C)after L3.
D)immediately.

Name: Figure 11-2 -Refer to Figure 11-2.Diminishing returns to labor set in A)after L1. B)after L2. C)after L3. D)immediately.
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Question

Figure 11-2 
-Refer to Figure 11-2.Diminishing returns to labor set in
A)after L1. 
B)after L2. 
C)after L3. 
D)immediately.

Quizplus · Accepted Answer

Diminishing returns to labor set in after L1, as this is the point where each additional unit of labor contributes less to output than the previous unit.

Figure 11-2 -Refer to Figure 11-2.Diminishing Returns to Labor Set in