Worker
Total Product
(per day)
(units per day)
Marginal Product
0
0
0
1
2
2
2
8
?
3
12
?
4
15
?
5
16
1
In the above table, when the third worker is hired, there is
? a. increasing marginal returns.
? b. diminishing marginal returns.
? c. None of the answers is correct
? d. constant marginal returns.
Workers
(per day)
Total Product
(units per day)
Total Cost
($)
0
0
100
1
10
120
2
18
140
3
24
160
4
29
180
5
32
200
Using the data in the above table, when output increases from 24 to 29 units, the marginal cost is
? a. $6.666
? b. None of the answers is correct
? c. $4.00
? d. $3.333