Answer to Question #36036 in Microeconomics for sugunah

Question

L Q MPP TVC TC MC ATC
0 0 0 RM 0 RM 120 --- 0
1 60 60 60 180 1 3
2 150 90 120 240 0.67 1.6
3 210 60 180 300 1 1.43
4 240 30 240 360 2 1.5
5 260 20 300 420 3 1.61

What level of labor is associated with the point of diminishing returns) Explain your answer?