Question 11
5
Points
Table 14-3
Labor
(Number of workers)
Output
(Units)
Fixed Cost
(Dollars)
Variable Cost
(Dollars)
Total Cost
(Dollars)
0
0
50
0
50
1
90
50
20
70
2
170
50
40
90
3
230
50
60
110
4
240
50
80
130
Refer to Table 14-3. At which number of workers does diminishing marginal product begin?
1
2
3
4