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(TP = Total Product or output ;MP= Marginal Product ;MRP= Marginal Revenue Product) From this information, answer the following questions. -1. At what point (how many workers) does the Law of Diminishing Returns begin? In other words, we would say it starts after the worker. A - 2. Assume that the price of each unit (Q) is $3 and that the hourly wage paid to each worker is $15. How many workers should this franchise owner hire? A - 3. How many workers would the firm hire if wages increased to $20 per hour? A) (TP = Total Product or output ;MP= Marginal Product ;MRP= Marginal Revenue Product) From this information, answer the following questions. -1. At what point (how many workers) does the Law of Diminishing Returns begin? In other words, we would say it starts after the worker. A - 2. Assume that the price of each unit (Q) is $3 and that the hourly wage paid to each worker is $15. How many workers should this franchise owner hire? A - 3. How many workers would the firm hire if wages increased to $20 per hour? A)