Question: Q5. What is the incremental analysis? Use the incremental analysis to find the Economics efficiency in the following production table. (1 points) Detailed information and

Q5. What is the incremental analysis? Use the incremental analysis to find the Economics efficiency in the following production table. (1 points) Detailed information and discussion is necessary. (Hint: Please see the class notes of incremental analysis of chapter 11 on the student portal) Output (Q) Net Revenue Marginal Revenue 0 20 1000 1000 50 (2500 1500 84 4200 1700 110 4760 560 120 5270 510 126 5570 |300 122 5370 -200 Amount Labor 10 1 12 3 | 4 5 16 7 of Total cost of Marginal cost Labor of Labor 10 600 600 1100 500 1550 450 2030 480 2560 530 |3160 1600 3960 800

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