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

What is the incremental analysis? Use the incremental analysis to find the Economics efficiency in the following production table. (I points) Detailed information and discussion is necessary. Output (0) Net Revenue Marginal Revenue Amount of Total cost Labor of Labor Marginal cost of Labor 0 0 0 20 50 84 110 120 126 122 900 2100 3500 4600 5440 5990 5890 900 1200 1400 1100 840 550 -100 1 2 3 4 5 6 7 400 900 1600 2380 3180 4030 4910 400 500 700 780 800 850 880

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