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 Net Revenue Marginal Revenue Amount Labor of Total cost of Marginal cost Labor of Labor 1000 1000 1500 1 12 600 (1100 600 1500 20 50 84 110 120 2500 4200 4760 5270 1700 1550 450 |480 1126 1560 510 |300 -200 |5570 5 16 7 2030 2560 |3160 3960 530 600 800 122 5370

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