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The following table gives total output or total product as a function of labor units used. LABOR.......................... TOTAL OUTPUT 0......................................... 0 1......................................... 5. 2......................................... 9

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

LABOR.......................... TOTAL OUTPUT
       0......................................... 0
       1......................................... 5.
       2......................................... 9
       3......................................... 12
       4......................................... 14
       5......................................... 15

a. Define diminishing returns.

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

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1 The law of diminishing return states that As more and more units ... blur-text-image

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