Refer to the Information Provided in Table 7 -Refer to Table 7

question 183

Multiple Choice

Refer to the information provided in Table 7.5 below to answer the question that follows.
Table 7.5
$$\begin{array} { c c c c c c c } \hline \mathrm { L } & 0 & 1 & 2 & 3 & 4 & 5 \\\hline \mathrm { Q } & 0 & 15 & 30 & 45 & 60 & 75 \\\hline\end{array}$$
-Refer to Table 7.5. Suppose output varies, ceteris paribus, with labor input in the manner displayed in the table above. After how many units of labor do diminishing returns set in?

• A) 3
• B) 4
• C) 5
• D) They do not set in.

---

Definitions:

Domestically Owned Producers

Companies or industries that are owned, controlled, and operated within one's own country.

Exports

Goods or services sent from one country to another for sale, contributing to the national income of the exporting nation.

Exports

Goods or services produced in one country and sold to buyers in another.

Foreign Goods

Products and services that are produced in one country and then sold and consumed in other countries.