Illustrate which factory will experience diminishing returns

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Q. A firm has two factories, one twice as large as the second. As the number of workers at each factory increases, illustrate which factory will experience diminishing returns first.

Q. Tom earns 15$ per hour for up to 40 hours of work each week. he is paid $30 per hour for every hour in excess of 40. Tom faces a 20% tax rate and pays 4$ per hour in child care expenses for each hour he works. Tom receives $80 in child support payments each week. There are 168 hours in the week. Graph Tom's weekly budget line.

Reference no: EM1355208

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