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1. Diminishing Marginal Returns to labor: (2 points)
Fill in the following table and determine where diminishing marginal returns set in. Why is it that there are diminishing marginal returns to labor? Explain.
Number of Workers
Total Output
Marginal Product
0
0
1
4
2
10
3
18
4
28
5
36
6
42
7
44
8
43
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