Given are three columns first column in number of workers, second column is total product and third
Question:
Given are three columns first column in number of workers, second column is total product and third is total cost.
number of workers-- 1 / 2 / 3 / 4 / 5 / 6 / 7 /
total product---------- 8 / 20 / 35 / 45 / 52 / 57 / 60 /
total cost Php. ........80 / 200 / 350 / 495 / 624 / 741 / 840 /
a. Add column to the table and enter the marginal product........follow format 1/2/3
b. Add column to the table and enter the average product........follow format 1/2/3
c. Add column to the table and enter the average cost........follow format 1/2/3
d. Add column to the table and enter the marginal cost........follow format 1/2/3
e. Add column to the table and enter the marginal unit cost........follow format 1/2/3
f. What is the average cost along worker 7?
g. What should be the maximum number of employees?
Statistics The Art and Science of Learning from Data
ISBN: 978-0321997838
4th edition
Authors: Alan Agresti, Christine A. Franklin, Bernhard Klingenberg