Knowee
Questions
Features
Study Tools

Use the data in the table below to answer questions 1 through 10.Input Total product0 01 42 83 154 225 256 277 288 24What range of inputs leads to negative marginal returns?A.Up to 2B.8 and aboveC.Between 3 and 4D.Between 5 and 7E.5 and above

Question

Use the data in the table below to answer questions 1 through 10.Input Total product0 01 42 83 154 225 256 277 288 24What range of inputs leads to negative marginal returns?A.Up to 2B.8 and aboveC.Between 3 and 4D.Between 5 and 7E.5 and above

🧐 Not the exact question you are looking for?Go ask a question

Solution

To answer this question, we first need to understand what marginal returns are. Marginal returns refer to the additional output resulting from a one unit increase in the input (in this case, the input is the number in the "Input" column and the output is the number in the "Total product" column).

To find the range of inputs that leads to negative marginal returns, we need to look for where the total product decreases as the input increases.

Looking at the table:

  • From input 0 to 1, total product increases from 0 to 4.
  • From input 1 to 2, total product increases from 4 to 8.
  • From input 2 to 3, total product increases from 8 to 15.
  • From input 3 to 4, total product increases from 15 to 22.
  • From input 4 to 5, total product increases from 22 to 25.
  • From input 5 to 6, total product increases from 25 to 27.
  • From input 6 to 7, total product increases from 27 to 28.
  • From input 7 to 8, total product decreases from 28 to 24.

So, the range of inputs that leads to negative marginal returns is 8 and above. Therefore, the answer is B. 8 and above.

This problem has been solved

Similar Questions

Use the data in the table below to answer questions 1 through 10.Input Total product0 01 42 83 154 225 256 277 288 24What range of inputs leads to decreasing marginal returns?A.5 and aboveB.Between 3 and 4C.Up to 4D.8 and aboveE.Up to 2

Use the data in the table below to answer questions 1 through 10.Input Total product0 01 42 83 154 225 256 277 288 24What is the marginal product for 8 units of input?Answer here

n the accompanying table, diminishing marginal product begins after the __________ unit of input.InputTotal Product0011023537041205165617571708155Group of answer choicesseventhsixthfirstsecondfourth

Use the data in the table below to answer questions 1 through 10.Input Total product0 01 42 83 154 225 256 277 288 24Where do the average product and the marginal product curves intersect?A.Between 4 and 5 units of inputB.At 3.5 units of inputC.At 2 units of inputD.Above 7 units of inputE.Around 6 units of input

Use the data in the table below to answer questions 1 through 10.Input Total product0 01 42 83 154 225 256 277 288 24After what level of inputs does total production begin to decline?Answer here

1/2

Upgrade your grade with Knowee

Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.