Consider the Following Production and Cost Schedule for a Firm

question 87

Multiple Choice

Consider the following production and cost schedule for a firm.The first column shows the number of units of a variable factor of production employed by the firm.
TABLE 13-1
-Refer to Table 13-1.Diminishing marginal returns are present for which units of the factor of production?

• A)10th unit only
• B)11th unit only
• C)12th unit only
• D)13th unit only
• E)all units shown in the table

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