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1) Assume that the only variable factor of production used to produce output is labour. There are increasing marginal returns through the: Amount of Labour

1) Assume that the only variable factor of production used to produce output is labour. There are increasing marginal returns through the:

Amount of Labour

Total Product

1 6
2 16
3 24
4 30
5 34
6 36

Multiple Choice

  • second unit of labour.
  • third unit of labour.
  • fourth unit of labour.
  • first unit of labour.

2)The following table provides information on the production of a product that requires one variable input. When the marginal product is zero, then total product is:

Input

Total product

0 0
1 5
2 20
3 32
4 42
5 50
6 55
7 58
8 58
9 56

Multiple Choice

  • 50.
  • 56.
  • 58.
  • 55.

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