A Firm Produces 60 Units of Output with 5 Workers

question 255

True/False

A firm produces 60 units of output with 5 workers, 65 units with 6 workers, and 68 units with 7 workers. The firm's production function exhibits diminishing marginal productivity between 5 and 7 workers.
​

---

Definitions:

Sense Receptors

Specialized cells or organs in the body that detect and respond to external stimuli, such as light, sound, or pressure.

Fovea

A small, central pit in the retina of the eye where visual acuity is highest due to a high concentration of cones.

Cones

Cells in the eye's retina known as photoreceptors that enable color perception and operate optimally in well-lit conditions.

Retina

The light-sensitive layer of tissue at the back of the inner eye that converts light images into neural signals sent to the brain.