Number of Workers Mushrooms per Day (pounds) 1 12 2 30 3 45 4 50 5...
|
Number of Workers |
Mushrooms per Day (pounds) |
|
1 |
12 |
|
2 |
30 |
|
3 |
45 |
|
4 |
50 |
|
5 |
54 |
|
6 |
56 |
The table above shows the technology of production at the Matsuko's Mushroom Farm for the month of May.
- a. What is the marginal product of the 4th worker?
- What is the average product of labor when the farm hires 5 workers?
- Diminishing marginal returns sets in when the ________ worker is hired.
Homework Answers
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Number of Workers
Mushrooms per Day (pounds)
1
12
2
30
3
45
4
50
5...
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