Question: The table below shows the weekly relationship between output and number of workers for a factory with a fixed size of plant. a. Calculate the
The table below shows the weekly relationship between output and number of workers for a factory with a fixed size of plant.
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a. Calculate the marginal product of labor
b. At what point do diminishing returns set in?
c. Calculate the average product of labor.
d. Find the three stages of production.
Number Of Output MPL APL Workers 50 110 300 450 590 665 700 725 710 705 3 10
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