Worksheet 54.3: Law of Diminishing Returns Answer the following questions after watching this video titled "Micro 3.1 Law of Diminishing Marginal Returns" by Jacob Clifford which explains production and diminishing returns found at: https://www.youtube.com/watch?v=M7rA4VfvdAw 1. Define the marginal product. extra output that results from adding one unit of the input to the existing combination of productive factors 2. Using the data, calculate and enter the marginal product of labor on the chart. # of Total Product Marginal Product JX : mp workers 0 0 2 6 A W N - 9 11 2 5 13 2 6 12 - 1 10 3. Immediately, when one more worker is added in the example in the video, output increases. To what can we attribute this increase in output? Explain. 4. With which unit does decreasing returns to labor begin? What causes this to happen? 5. With which unit does negative returns to labor result? What causes this to happen? 6. So, to conclude, given a fixed amount of resources, what happens when we add more inputs