Respuesta :
Answer:
Option (a) is correct.
Explanation:
According to the law of diminishing marginal productivity, if there is an increase in the input in the production of a certain commodity then as a result there is an increase in the output of that commodity, initially but further increase in the input will have no impact on the output of the commodity or will have a negative impact.
In our case, when farmer hires 3rd worker, the output increases by 1,400(4,400-3,000) bushels. According to the law of diminishing marginal productivity, if he hires 4 workers then there is an increase in the output but less than the 1,400 bushels.
This condition will be satisfied in the option (a), where output increases by 1,200 bushels.
The possibility that is consistent with the diminishing marginal product is the farmer is able to produce 5, 600 bushels of wheat when he hires 4 workers.
What is diminishing marginal product?
Diminishing marginal product is when as the number of workers that work on a particular product increases, the total output increases at a decreasing rate. Marginal product decline.
Marginal product when 3 workers are employed = 4400 - 3000 = 1400
Marginal product when 3 workers are employed and output is 560 bushels = 5600 - 4400 = 1200
Marginal product when 3 workers are employed and output is 5800 bushels = 5800 - 4400 = 1400
Marginal product when 3 workers are employed and output is 600 bushels = 6000 - 4400 = 1600
To learn more about diminishing marginal product, please check: https://brainly.com/question/13923885
