Business, 14.03.2020 01:10 colyernicholas44

A farmer owns 50 bee hives. The farmer is able to produce 2,000 pounds of honey when he hires 2 workers. He is able to produce 4,000 pounds of honey 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 pounds of honey when he hires 4 workers.
B. The farmer is able to produce 5,600 pounds of honey when he hires 4 workers.
C. The farmer is able to produce 6,000 pounds of honey when he hires 4 workers.
D. Any amount over 6,000 pounds would be consistent with diminishing marginal product.
E. None of the above is correct

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A farmer owns 50 bee hives. The farmer is able to produce 2,000 pounds of honey when he hires 2 work...

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