Diminishing marginal returns for the first four units of a variable input is exhibited by the total product sequence:
A. 50, 50, 50, 50
B. 50, 110, 180, 260
C. 50, 100, 150, 200
D. 50, 90, 120, 140
Answer:D
Diminishing marginal returns for the first four units of a variable input is exhibited by the total product sequence:
A. 50, 50, 50, 50 B. 50, 110, 180, 260 C. 50, 100, 150, 200 D. 50, 90, 120, 140