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18 Aug 2020
Refer to table 13-1. What is the total output when 4 workers are hired?
a. 50
b. 185
c. 135
d. 105
No. of workers
Total Output
Marginal Product
0
0
--
1
30
2
45
3
60
4
50
5
40
Refer to table 13-1. What is the total output when 4 workers are hired?
a. 50
b. 185
c. 135
d. 105
b. 185
c. 135
d. 105
| No. of workers | Total Output | Marginal Product |
| 0 | 0 | -- |
| 1 | 30 | |
| 2 | 45 | |
| 3 | 60 | |
| 4 | 50 | |
| 5 | 40 |
Divya SinghLv10
30 Sep 2020
Related textbook solutions
Related questions
The following table shows the quantity of workers and total output for a local pizza shop. Use the table below to answer the following questions.
a) When the owner hires 4 workers, what is the average product of labor?
b) What is the marginal product of the fifth worker?
c) If the marginal product of the second worker is 6, what is the total number of pizzas produced when 2 workers are hired?
d) Assuming that the marginal product of the second worker is 6, with which worker hired does the law of diminishing returns set in?
| Quantity of Workers | Total Output |
| 0 | 0 |
| 1 | 5 |
| 2 | a |
| 3 | 19 |
| 4 | 24 |
| 5 | 28 |
| 6 | 26 |
