Suppose that in table 7.3 (page 210) the number of garden benches produced by 0, 1, 2,

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Suppose that in table 7.3 (page 210) the number of garden benches produced by 0, 1, 2, 3, and 4 workers is 0, 35, 70, 99, and 112. Calculate the marginal and average products of labor that would have resulted. Check that the relation between these average and marginal products satisfies the properties we discussed in section 7.2.
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Microeconomics

ISBN: 978-1118572276

5th edition

Authors: David Besanko, Ronald Braeutigam

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