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Use the following table for this question
Use the following table for this question.
Number of Workers
Marginal Product
Total Product
Average Product
1
12
2
16
3
14
4
13
5
10
a. Complete the total product and average product columns.
b. With which worker do diminishing returns occur?
Expert Solution
a)
| Number of Workers | Marginal Product | Total Product | Average Product |
| 1 | 12 | 12 | 12 |
| 2 | 16 | 28 | 14 |
| 3 | 14 | 42 | 14 |
| 4 | 13 | 55 | 13.75 |
| 5 | 10 | 65 | 13 |
b) Diminishing return starts from worker 3, as 14 is lesser than 16.
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