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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