a. Over what output range does Sues Surfboards enjoy the benefits of increased specialization and division of
Question:
b. Over what output range does the firm experience diminishing marginal product of labor?
c. Over what output range does the firm experience an increasing average product of labor but a diminishing marginal product of labor?
The table sets out Sue’s Surfboards’ total product schedule.
Labor Output
(workers (surfboards
per week) per week)
1 …………………….. 30
2 …………………….. 70
3 ……………………..120
4 ……………………..160
5 ……………………..190
6 ……………………..210
7 ……………………..220
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