a) Calculate and graph the marginal cost of each serving if workers become more productive so each
Fantastic news! We've Found the answer you've been seeking!
Question:
a) Calculate and graph the marginal cost of each serving if workers become more productive so each slice can be made with only 70% as much labor.
b) Show your calculations! Calculate and graph marginal cost if workers get a raise to $20/hour, with the old productivity
Slices
Total cost
1
$ 20.52
2
$ 26.49
3
$ 33.00
4
$ 40.16
5
$ 48.09
6
$ 56.96
7
$ 66.95
8
$ 78.28
9
$ 91.23
10
$ 106.11
11
$ 123.31
12
$ 143.30
13
$ 166.63
14
$ 193.97
Slices
MU pecan pie slices
1
$20.00
2
$17.00
3
$14.45
4
$12.28
5
$10.44
6
$8.87
7
$7.54
8
$6.41
9
$5.45
10
$4.63
11
$3.94
12
$3.35
13
$2.84
14
$2.42
Related Book For
Microeconomics An Intuitive Approach with Calculus
ISBN: 978-0538453257
1st edition
Authors: Thomas Nechyba
Posted Date: