Question: Q5. What is the incremental analysis? Use the incremental analysis to f ind the Economics efficiency in the following production table . ( 1 points)

Q5. What is the incremental analysis? Use the incremental analysis to find the Economics efficiencyin the following production table. (1 points) Detailed information and discussion is necessary. (Hint: Please see the additional class notes of incremental analysis of chapter 11 on the student portal)

Output (Q)

Net Revenue

Marginal Revenue

Amount of Labor

Total cost of Labor

Marginal cost of Labor

0

0

0

0

20

900

900

1

400

400

50

2100

1200

2

900

500

84

3500

1400

3

1600

700

110

4600

1100

4

2380

780

120

5440

840

5

3180

800

126

5990

550

6

4030

850

122

5890

-100

7

4910

880

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