Production Function with Increasing, Diminishing, and Negative Marginal Returns to Labor

A lot of students are graphically introduced to the idea that a production function may have three types of marginal returns to labor: increasing, diminishing, and negative. This video provides a numerical example of a production function that has all three types of marginal returns and shows how to find them mathematically.

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• #finding_diminishing_marginal_returns_to_labor
• #how_to_find_increasing_returns_to_labor
• #how_to_find_negative_returns_to_labor
• #how_to_find_inlfection_point_production_function