(Table) Based on the Table, Increasing Marginal Returns Take Place

question 3

Multiple Choice

(Table) Based on the table, increasing marginal returns take place for _____ workers.
$\begin{array}{|c|c|c|c|}\hline \text { Labor } & \begin{array}{c}\text { Total } \\\text { Product }\end{array} & \text { MP } & \text { AP } \\\hline 1 & 5 & 5 & 5 \\\hline 2 & 12 & 7 & 6 \\\hline 3 & 21 & & 7 \\\hline 4 & 31 & 10 & 7.75 \\\hline 5 & 40 & 9 & 8 \\\hline 6 & 48 & 8 & \\\hline 7 & & 6 & 7.71 \\\hline 8 & 57 & 3 & 7.12 \\\hline 9 & 57 & 0 & 6.33 \\\hline 10 & 54 & -3 & 5.4 \\\hline\end{array}$

• A) the first three
• B) the first four
• C) all ten
• D) the first five

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Definitions:

Income Loss

Refers to a decrease in earnings or revenue, often due to unexpected events, market changes, or operational failures.

Interest Rates

The cost of borrowing money, expressed as a percentage of the amount borrowed, or the return on investment for savings and loans.

Mortality Rates

A measure of the number of deaths in a particular population, scaled to the size of that population, per unit of time.

Income Growth

An increase in an individual's or economy's income or earnings over time.