2 a Fill in Table 2 b Diminishing returns sets in with theun

2. (a Fill in Table 2. (b) Diminishing returns sets in with the__unit of labor (c) Negative returns sets in with the unit of labor Table 2 Marginal Physical Product Units of Output Labor 10 16 27 34 36 37 36 10 12

Solution

2

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Units of Labor	Output	Marginal Physical product
1	2	2
2	5	3
3	10	5
4	16	6
5	22	6
6	27	5
7	31	4
8	34	3
9	36	2
10	37	1
11	36	-1
12	33	-3
a) Marginal product = (Output)n-(Output)n-1.
b) Dimnishing returns sets in with 6 units of labor (when marginal product starts decresing)
c) Negative returns sets in with 11 units of labor (when Marginal product is negative)