Business
Business, 18.10.2019 18:10, meganwintergirl

On a 100-acre farm, a farmer is able to produce 3,000 bushels of wheat when he hires 2 workers. he is able to produce 4,400 bushels of wheat when he hires 3 workers. which of the following possibilities is consistent with the property of diminishing marginal product?

a. the farmer is able to produce 5,800 bushels of wheat when he hires 4 workers.
b. the farmer is able to produce 5,600 bushels of wheat when he hires 4 workers.
c. the farmer is able to produce 6,000 bushels of wheat when he hires 4 workers.
d. any amount over 6,000 bushels would be consistent with diminishing marginal product.
e. none of the above is correct

answer
Answers: 2

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On a 100-acre farm, a farmer is able to produce 3,000 bushels of wheat when he hires 2 workers. he i...

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