00:01
Okay, so we're going to be looking at marginal returns.
00:04
We're going to be looking at marginal returns.
00:07
When it comes to labor productivity, the statement that is given is meant for us to determine whether it's true or false.
00:17
The presence of diminution marginal returns to labor leads to decreasing marginal revenue product of labor and a downward slopping demand for labor curve.
00:28
Is this true? foremost.
00:32
Okay, so first of all analysis has to be drafted up with illustrations, the graphical illustration.
00:41
You will notice that if you're comparing the output, which is the productivity of labour, as well as the labour input on the horizontal axis, the relationship is such that the as labour output, input increase, there tends to be an increase in labor output up to a certain time when it starts experiencing diminishing returns okay so this can simply be pointed at this level where diminishing returns start manifesting themselves so this can be explained by the marginal revenue you, sorry, marginal production function, marginal productivity function, which will be, diminishing returns set in when the marginal product starts actually going down...