Consider the Following Table for a Firm

question 108

Multiple Choice

Consider the following table for a firm.The first column shows the number of units of a variable factor of production employed by the firm.
TABLE 13-2
-Refer to Table 13-2.This firm begins to experience diminishing marginal productivity when it hires the ________ unit of the factor.

• A)3rd
• B)4th
• C)5th
• D)6th
• E)7th

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Definitions:

Race

In biology, the taxonomic category of subspecies that is not applicable to humans because the division of humans into discrete types does not represent the true nature of human biological variation. In some societies, race is an important cultural category.

Favism

A medical condition characterized by hemolytic anemia in response to ingestion of fava beans or exposure to certain drugs or infections, particularly affecting individuals with a deficiency in the enzyme glucose-6-phosphate dehydrogenase.

Hormone-disrupting Chemicals

Substances that interfere with the endocrine system, potentially causing developmental, reproductive, neurological, and immune issues in both humans and wildlife.

Reproductive Process

The biological mechanisms through which organisms produce offspring, encompassing various strategies across species from sexual to asexual reproduction.