Marginal Productivity and Marginal Cost

Crepes	Work hours	Mworkers Or the change in Work hours	MC (at wage of $20/hour), inputs at $5	MPL  amount that one worker would produce
1	0.05
2	0.2
3	0.45
4	0.8
5	1.25
6	1.8
7	2.45
8	3.2
9	4.05
10	5

1. In the short-run, how can you increase production?  
2. Fill in the table.  After the first dinner, what happens to the time needed for each additional crepe? Why? What happens to the marginal product of labor?  What happens to marginal costs?

Answer rating: 100% (QA)

To increase production in the short run you can increase the number of workers Mworkers or the change in work hours By doing so you can take advantage ... View the full answer