If 15 workers produce 100 license plates, 16 workers produce 120 license plates, and 17 workers produce 130-license plates, then O diminishing marginal returns have not set in because the marginal product is positive O the marginal product of the seventeenth worker is 130 diminishing marginal returns must begin with the sixteenth worker O the marginal product of the sixteenth worker is greater than the marginal product of the seventeenth worker O the marginal product of the fifteenth worker must be 20

Exploring Economics
8th Edition
ISBN:9781544336329
Author:Robert L. Sexton
Publisher:Robert L. Sexton
Chapter11: The Firm: Production And Costs
Section: Chapter Questions
Problem 15P
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If 15 workers produce 100 license plates, 16 workers produce 120 license plates, and 17 workers
produce 130-license plates, then
O diminishing marginal returns have not set in because the marginal product is positive
O the marginal product of the seventeenth worker is 130
O diminishing marginal returns must begin with the sixteenth worker
O the marginal product of the sixteenth worker is greater than the marginal product of the
seventeenth worker
O the marginal product of the fifteenth worker must be 20
Transcribed Image Text:If 15 workers produce 100 license plates, 16 workers produce 120 license plates, and 17 workers produce 130-license plates, then O diminishing marginal returns have not set in because the marginal product is positive O the marginal product of the seventeenth worker is 130 O diminishing marginal returns must begin with the sixteenth worker O the marginal product of the sixteenth worker is greater than the marginal product of the seventeenth worker O the marginal product of the fifteenth worker must be 20
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