Number of Workers Mushrooms per Day (pounds) 1 12 2 30 3 45 4 50 5 54

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Number of Workers	Mushrooms per Day (pounds)
1	12
2	30
3	45
4	50
5	54
6	56

The table above shows the technology of production at the Matsuko's Mushroom Farm for the month of May.

a. What is the marginal product of the 4th worker?
What is the average product of labor when the farm hires 5 workers?
Diminishing marginal returns sets in when the ________ worker is hired.

Related Book For answer-question

Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

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Posted Date: Feb 21, 2024 11:48 PM

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Number of Workers Mushrooms per Day (pounds) 1 12 2 30 3 45 4 50 5 54

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Analyzing Production at Matsukos Mushroom Farm a Marginal Product of the 4th Worker The marginal pro... View the full answer

Income Tax Fundamentals 2013

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