The following table shows the quantity of workers and total output for a local pizza parlor. Answer
Question:
Quantity of Workers Total Output
0...........................................................0
1...........................................................5
2.........................................................-
3.........................................................19
4.........................................................24
5.........................................................28
6.........................................................26
a. When the owner hires 4 workers, what is average product of labor?
b. What is the marginal product of the fifth worker?
c. If the marginal product of the second worker is 6, what is the total number of pizzas produced when 2 workers are hired?
d. Assuming that the marginal product of the second worker is 6, with which worker hired does the law of diminishing returns set in?
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a AP QL 244 6 pizzas per worker b MP QL 28 245 4 41 4 pizzas per worker c If we add the marginal pr...View the full answer
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