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Economics (AS & A Level) · Oct / Nov 2024 · Paper 31 · Question 14

9708Types of cost, revenue and profit, short-run and long-run production

The table shows the output of chairs at a factory when different numbers of workers are employed. When will diminishing marginal returns to labour set in?

  1. Awhen the second worker is employed
  2. Bwhen the third worker is employed
  3. Cwhen the fourth worker is employed
  4. Dwhen the fifth worker is employed

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Correct answer: B. when the third worker is employed

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