Labor 123 1 2 3 4 5 6 7 8 Total Product 13 31 51 67 79 86 86 74 Average Product 13. 15.5 17 16.75 15.8. 14.33 12.29 9.25

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question

Diminishing marginal productivity sets in after the hiring of which worker?

Labor
123 ISO78
4
5
6
Total Product
13
31
51
67
79
86
86
74
Average Product
13
15.5
17
16.75
15.8
14.33
12.29
9.25
Transcribed Image Text:Labor 123 ISO78 4 5 6 Total Product 13 31 51 67 79 86 86 74 Average Product 13 15.5 17 16.75 15.8 14.33 12.29 9.25
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