Question

The following table shows a short-run production function for yoga pants. Use the data to determine where diminishing targina
Diminishing marginal product begins when the company hires worker number
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Answer #1

MPN = TPN - TPN-1

Number of worker Total output Marginal Product
0 0 -
1 50 50
2 120 70
3 180 60
4 230 50
5 280 50
6 325 45
7 320 -5
8 310 -10

As we can see from the table above, diminishing (falling) marginal rate starts when company hires 3rd labor as it fell from 70 to 60.

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