5. Average & Marginal Product Marginal Product (toys per day) [8 Points Average Product (Toys per...

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5. Average & Marginal Product Marginal Product (toys per day) [8 Points Average Product (Toys per day) Labour Total Product (workers per day) (toys per day) 1. 25 125 3. 160 4. 180 5. 150 a) Fill in the marginal product and average product columns of the table [2 Points] b) Identify the range where marginal product rises? c) Identify the range where marginal product falls? d) Identify the range where marginal product is negative? e) In which employment range is marginal product equal to average product? [1 Point] [1 Point] [1 Point] [1 Point] f) In which employment range is marginal product greater than average product? [1 Point] 8) In which employment range is marginal product less than average product? [1 Point) 5. Average & Marginal Product Marginal Product (toys per day) [8 Points Average Product (Toys per day) Labour Total Product (workers per day) (toys per day) 1. 25 125 3. 160 4. 180 5. 150 a) Fill in the marginal product and average product columns of the table [2 Points] b) Identify the range where marginal product rises? c) Identify the range where marginal product falls? d) Identify the range where marginal product is negative? e) In which employment range is marginal product equal to average product? [1 Point] [1 Point] [1 Point] [1 Point] f) In which employment range is marginal product greater than average product? [1 Point] 8) In which employment range is marginal product less than average product? [1 Point)

Answer rating: 100% (QA)

a Labor Total Product Marginal P... View the full answer