pront of 5500,000. Section 2: Short answer questions Number of Average productivity Total Marginal Product workers...
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pront of 5500,000. Section 2: Short answer questions Number of Average productivity Total Marginal Product workers Product 1 14 3. 10 30 16 I1 44 14 10 50 6. 6. 9. 54 1. From the above table: A). At which worker does the Diminishing Marginal Product of labor (Diminishing Marginal Returns) sets in? How do you know? B). Graph the production function according to the information above. (2 pts.) (1 pt.) pront of 5500,000. Section 2: Short answer questions Number of Average productivity Total Marginal Product workers Product 1 14 3. 10 30 16 I1 44 14 10 50 6. 6. 9. 54 1. From the above table: A). At which worker does the Diminishing Marginal Product of labor (Diminishing Marginal Returns) sets in? How do you know? B). Graph the production function according to the information above. (2 pts.) (1 pt.)
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