Homework Answers
(a) With three machines:
| L | TP | MP=Change in TP |
| 1 | 8 | - |
| 2 | 18 | 10 |
| 3 | 30 | 12 |
| 4 | 45 | 15 |
| 5 | 57 | 12 |
| 6 | 67 | 10 |
| 7 | 72 | 5 |
With four machines:
| L | TP | MP= Change in TP |
| 1 | 9 | - |
| 2 | 20 | 11 |
| 3 | 35 | 15 |
| 4 | 55 | 20 |
| 5 | 76 | 21 |
| 6 | 88 | 12 |
| 7 | 95 | 7 |
(b) The point of diminishing marginal product is at 5 workers days with three machines and 6 workers days with four machines.
(c) The point of diminishing marginal product different in each case because crowding occurs later with more machines , the more the capital input is , the more it takes time for diminishing marginal product to occur.
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only b and c needed please .
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