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Bozo is a clown. He wants to start a clowning business where he sends other clowns out to birthday parties. You may use the graph

Bozo is a clown. He wants to start a clowning business where he sends other clowns out to birthday parties. You may use the graph to help you answer the questions, but the graph will not be graded.

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Birthday Parties 20 19 18 17 16 15 14 13 12 10 Workers What is the marginal product of the 2nd unit of labor? (You need only consider integer quantities of inputs.) Birthday Parties This production function demonstrates: Please choose one answer(Diminishing marginal costs, Diminishing output, A negative marginal product of labor, Diminishing marginal returns to labor)

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