Waec Model Questions Vol1 2018 Economics Question 31
Practice objective / multiple choice question 31 from the 2018 Waec Model Questions Vol1 Economics examination.
A firm uses only labour (L) while capital is fixed. The total product (TP) at different labour levels is: L=1, TP=20; L=2, TP=45; L=3, TP=75; L=4, TP=100; L=5, TP=115; L=6, TP=125. At which level of labour does the firm first experience diminishing marginal returns?
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About This Question
This is Waec Model Questions Vol1 2018 Economics Question 31. It is one of the objective questions from the 2018 Waec Model Questions Vol1 Economics examination.
Difficulty level: Medium .
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