View the step-by-step solution to:



# of Truck Amount of labour Total Output Average Product of

Labor Marginal Product of Labor

2 0 0 0 0

2 1 75 75 75

2 2 200 100 125

2 3 300 100 100

2 4 380 95 80

2 5 460 92 50

2 6 450 75 -10



State the law of diminishing marginal returns. How is it illustrated by the data in the table of the proceeding question?

There is a proviso to this law that certain things be held constant: What are these? example of situation where the law of diminishing marginal returns is not applicable because these "other things" are likely to vary.


Consider your time spent studying as an input in the production of total points on an economic test. Assume that other inputs (what could the be?) are not varied. Draw the total average and marginal product cures. Will they have the general shapes shown in Figure 7.1 ? why or why not.

Recently Asked Questions

Why Join Course Hero?

Course Hero has all the homework and study help you need to succeed! We’ve got course-specific notes, study guides, and practice tests along with expert tutors.

  • -

    Study Documents

    Find the best study resources around, tagged to your specific courses. Share your own to gain free Course Hero access.

    Browse Documents
  • -

    Question & Answers

    Get one-on-one homework help from our expert tutors—available online 24/7. Ask your own questions or browse existing Q&A threads. Satisfaction guaranteed!

    Ask a Question
Ask Expert Tutors You can ask 0 bonus questions You can ask 0 questions (0 expire soon) You can ask 0 questions (will expire )
Answers in as fast as 15 minutes