Question: (Table) Based on the table, diminishing marginal returns begin with the worker. Labor Total MP AP Product 5 5 5 12 7 6 21 7

(Table) Based on the table, diminishing marginal returns begin with the worker. Labor Total MP AP Product 5 5 5 12 7 6 21 7 31 10 7.75 40 9 8 48 6 7.71 57

O eighth O seventh O sixth Activate Go to Set(Table) Based on

(Table) Based on the table, diminishing marginal returns begin with the worker. Labor Total MP AP Product 5 5 5 12 7 6 21 7 31 10 7.75 40 9 8 48 6 7.71 57 3 7.12 9 57 O 6.33 10 54 -3 5.4 O fifth O eighth O seventh O sixth Activate Go to Set(Table) Based on the table, the average total cost of producing 76 units of output is FC VC 0 500 0 500 250 17 500 500 27 500 750 40 500 1.000 54 500 1.250 66 500 1.500 76 500 1,750 84 500 2,000 91 500 2.250 96 500 2,500 $6.57. $26.31. $23.02. $29.61.

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