2.1 The following table gives total output or total product as a function of labor units used....

Question:

2.1 The following table gives total output or total product as a function of labor units used.

Labor Total Output 0 0 1 30 2 54 3 72 4 84 5 90

a. Define diminishing returns.

b. Does the table indicate a situation of diminishing returns?

Explain your answer.

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