Question: SHORT RUN PRODUCTION FUNCTION 20 Total output 14 Output (units per day) 2 4 Labor Input (workers per day) Refer to the above graph. Marginal

 SHORT RUN PRODUCTION FUNCTION 20 Total output 14 Output (units per

SHORT RUN PRODUCTION FUNCTION 20 Total output 14 Output (units per day) 2 4 Labor Input (workers per day) Refer to the above graph. Marginal "product" for the _____ worker hired increases compared to the previous worker hired, diminishing marginal "product" occurs with the hiring of the worker and negative marginal "product" is negative for the worker hired. 2nd, 4th, 5th .3rd, 5th, 6th 2nd, 3rd, 6th 3rd, 4th 6th

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