The following table shows the production function for a rm. Number of workers Average productivity 1 6 B 9 9.25 9.30 OWU'I-ILLUIU 9.32 Which worker represents the rst decline in marginal productivity? (2 points) 0 Productivity increases across the range given The following table displays the marginal productivity of dishwashers working for a catering company. Number of Dishwashers Marginal Product 1 4 2 5 3 6 4 7 5 6.8 6 6.7 What is the average product of three workers? (2 points) O 1 5 O 6 O 15 O 18Use the graph to answer the question. [2 points} Price MCZ MC 1 The shift from \"El to M52 could be explained by 0 increased productivity 0 an increase in xed costs 0 an increase in input costs 0 a decrease in variable costs 0 a decrease in total costs The graph below shows the merginel revenue, merginel :uEt, and average total cost at different quantities for a rm in a perfectly competitive market. (2 points) MI: 510 In W is 20 25 Quality At wlrat value would the market price settle in the lung run? Consider the following cost schedule for a rm. Quantity Marginal Cost Average Total Cost Average Variable Cost ll] 15 20 25 30 35 What is the economic prot or loss for a perfectlyr competitive rm if the market price is $12? [2 points} $12 $14 $16 $26 $30 $40 $32 $30 $23 $25 $23 $32 $24 $20 $15 $20 $24 $30 Use the graph to answer the question below. The quantity is measured in thousands of units. (2 points) 340 MC sen ATE AVC E sac: 3 p 510 A o l 2 3 4 s s 7 s 9 Wm Assume this rm operates in a perfectly competitive market. What will its economic prot be if it produces at the quantity of point B and charges at that price level above P? 0 It will earn normal or zero economic profit. 0 It will earn negative economic prot equal to that price level multiplied by the quantity. 0 It will earn negative economic prot equal to the area between price level P and the price level at B. 0 It will earn positive economic profit equal to the area between price level P and the price level at B. 0 It will earn positive economic profit equal to the area under price level P and that output quantity