The following table provides data on elementary and secondary school enrollment and the number of classroom teachers

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The following table provides data on elementary and secondary school enrollment and the number of classroom teachers for each of five years in the U.S.
The following table provides data on elementary and secondary school

a. Plot the five points on the total product curve where the variable input is classroom teachers and the output is enrollment.
b. Find the point at which the total product is maximum.
c. Plot the average and marginal product for classroom teachers.

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Public Finance

ISBN: 978-1111526986

2nd edition

Authors: John E. Anderson

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