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Land (piece) 1 1 Tractor (units) 2 NNNNNNNN 2 2 2 2 2 2 2 Worker (peoples) 1 2 3 5 6 7 8 Total product (tons) 8 24 54 82 95 100 100 96 Average Product (tons) Marginal Product (tons) Identify the time frame of this firm is operating in and give your reason. At which number of workers, the diminishing marginal return begins? Why diminishing marginal return could happen?

Land (piece) 1 1 Tractor (units) 2 NNNNNNNN 2 2 2 2 2 2 2 Worker (peoples) 1 2 3 5 6 7 8 Total product (tons) 8 24 54 82 95 100 100 96 Average Product (tons) Marginal Product (tons) Identify the time frame of this firm is operating in and give your reason. At which number of workers, the diminishing marginal return begins? Why diminishing marginal return could happen?

Principles of Economics 2e
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter12: Environmental Protection And Negative Externalities
Section: Chapter Questions
Problem 39CTQ: Technological innovations shift the production possibility curve. Look at graph you sketched for...
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23:40 Tue, 27 Dec Table 1 shows the production of corn by Syarikat Usaha. Answer the following questions based on the table. Land (piece) 1 1 1 1 1 Tractor (units) 2 2 2 2 2 2 2 2 Document (3) - Saved Table 1. Production of corn Total product (tons) 8 24 Worker (peoples) 1 2 3 4 5 6 7 8 54 82 95 100 100 96 Average Product (tons) Marginal Product (tons) Identify the time frame of this firm is operating in and give your reason. At which number of workers, the diminishing marginal return begins? Why diminishing marginal return could happen? **22% ir
Transcribed Image Text:23:40 Tue, 27 Dec Table 1 shows the production of corn by Syarikat Usaha. Answer the following questions based on the table. Land (piece) 1 1 1 1 1 Tractor (units) 2 2 2 2 2 2 2 2 Document (3) - Saved Table 1. Production of corn Total product (tons) 8 24 Worker (peoples) 1 2 3 4 5 6 7 8 54 82 95 100 100 96 Average Product (tons) Marginal Product (tons) Identify the time frame of this firm is operating in and give your reason. At which number of workers, the diminishing marginal return begins? Why diminishing marginal return could happen? **22% ir
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