The table below shows incomplete information on a firm's total marginal and average product Marginal Average Quantity of Total Product Product Variable Input Output of Variable of Variable (labour) Input Input 0 0 1 225 300 3 300 4 1140 5 225 6 225 Chose 'T if the statement is true and 'F' if it is false The marginal product of the 2nd unit of labour is 300 Choose... The average product of the 4th unit of labour $273. Choose... The marginal product equal the average product when the 2nd worker was employed. Choose... The firm exhibits diminishing returns to labour when the 3rd unit of labour was employed. Choose... Previous JIT 4 QUIZ (onen) Jump to Type here to search O F7 F8 F10 12 Scr LK a A 5 6 7 8 R U