Exhibit 6-1 Production of pizza data Workers Pizzas 0 0 1 4 2 10 3 15 4
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Exhibit 6-1 Production of pizza data
Workers | Pizzas |
0 | 0 |
1 | 4 |
2 | 10 |
3 | 15 |
4 | 18 |
5 | 19 |
Exhibit 6-1 shows the change in the short-run production of pizzas as more workers are hired. The table shows the marginal product of the labor input is decreasing with the hiring of the third worker. A possible reason for this diminishing marginal product is:
a. | increased division of labor as additional workers are hired. | |
b. | increases in plant size. | |
c. | decreases in labor productivity. | |
d. | decreases in fixed cost. |
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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