Question
In: Economics
The table below shows the number of University classrooms cleaned in an evening varies with the...
The table below shows the number of University classrooms cleaned in an evening varies with the number of staff members assigned.
|
Staff assigned |
0 |
1 |
2 |
3 |
4 |
5 |
6 |
7 |
|
Classrooms cleaned |
0 |
3 |
7 |
12 |
16 |
17 |
17 |
16 |
A. What is the marginal physical product of the second staff member?
B. Average product of labor is total output divided by the number of staff members assigned. What is the average product of four staff members?
C. Is the addition of the third staff member associated with increasing, diminishing, or negative marginal returns? Explain.
D. Graph the total output, the average product of labor, and the marginal product of labor.
Solutions
Rahul Sunny answered 2 years agoRelated Solutions
Janitors per evening 0 1 2 3 4 5 6 7 Classrooms cleaned per evening 0...
Janitors per evening
0
1
2
3
4
5
6
7
Classrooms cleaned per evening
0
3
7
12
16
17
17
16
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