Question: Instructions: Click the buttons above the graphing window to show either production functions or cost functions. Type in values for Fixed Costs or Wage Rate

production functions or cost functions. Type in values for Fixed Costs or

Instructions: Click the buttons above the graphing window to show either production functions or cost functions. Type in values for Fixed Costs or Wage Rate (the cost per worked). Move the Productivity index right to see the effect of increasing productivity by up to 25\%. The table and graphs will update as Settings are changed. Set Fixed Costs to $100, Wage Rate to $40 per worker, and slide the Productivity index so that 1 worker ylelds 22 units of output. This represents 10% greater productivity that the firm's current levels. What is the marginal product of the fourth worker? The marginal product of the fourth worker can be calculated as a subtraction problem using two numbers from the toble. This calculation is

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