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55)Refer to Figure 11-1.Diminishing marginal productivity sets in afterA) the 2nd worker is hired.B) the 3rd worker is hired.C) the 4th worker is hired.D) the 5th worker is hired.Answer: A55)Diff: 2Page Ref: 360-361/360-361Topic: Diminishing ReturnsLearning Outcome: Micro 17: Explain the effects of the factors of production, factor demand, and factorsupply and labor in factor marketsAACSB: Analytic Skills56)Refer to Figure 11-1.In a diagram that shows the marginal product of labor on the vertical axisand labor on the horizontal axis, the marginal product curve56)Diff: 3Page Ref: 360-361/360-361Topic: Marginal Product of LaborLearning Outcome: Micro 17: Explain the effects of the factors of production, factor demand, and factorsupply and labor in factor marketsAACSB: Analytic Skills57) If 11 workers can produce a total of 54 units of a product and a 12th worker has a marginalproduct of 6 units, then the average product of 12 workers is57)Diff: 2Page Ref: 361-362/361-362Topic: Average Product of LaborLearning Outcome: Micro 17: Explain the effects of the factors of production, factor demand, and factorsupply and labor in factor marketsAACSB: Analytic Skills58) If another worker adds 9 units of output to a group of workers who had an average product of 7units, then the average product of labor58)Diff: 2Page Ref: 361-362/361-362Topic: Average Product of LaborLearning Outcome: Micro 17: Explain the effects of the factors of production, factor demand, and factorsupply and labor in factor marketsAACSB: Analytic Skills15