$\mathrm{}$$$1: the bakery initially starts its operation with one oven. What is the marginal productivity of the Second worker in the long run? 

 

 

Transcribed Image Text:

Table 1: Short-Run Production Function for Baking Number of Workers (L) Pies per Day (TP) 123 4 6 9 11 12 For K For K = 1 oven Marginal Productivity (MP) Table 2: Long-Run Production Function for Baking Number of Workers (L) Ples per Day (TP) Marginal Productivity (MP) 12 3 4 16 18 For K = 2 ovens 122 9 Table 1: Short-Run Production Function for Baking Number of Workers (L) Pies per Day (TP) 123 4 6 9 11 12 For K For K = 1 oven Marginal Productivity (MP) Table 2: Long-Run Production Function for Baking Number of Workers (L) Ples per Day (TP) Marginal Productivity (MP) 12 3 4 16 18 For K = 2 ovens 122 9

Answer rating: 100% (QA)

Answer To find the marginal productivity of the second worker in the long ... View the full answer