Answer to Question #154125 in Economics for Priya Jaggernauth

Question

Complete the table below

No. of workers  total product Marginal product average product

0 0 0 0

1 3

2 4.50

3 14

4 3

5 19

From the table, state where diminishing returns set in

Answer 1

L TP MP AP

0 0 0 0

1 3 3 3

2 4.5 1.5 2.25

3 14 9.5 4.67

4 3 -11 0.75

5 19 16 3.8

From the table, state where diminishing returns set in when 4 workers are employed.