A. Using the data in the table, graph (Use Plane #1) and explain the following: a. Total Output b. Average Product c. Marginal Product

Economics (MindTap Course List)
13th Edition
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter21: Production And Costs
Section21.5: Production And Costs In The Long Run
Problem 1ST
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USE THE TABLE BELOW AS BASIS FOR TEST A.
Number of Workers Total Output per day Average Product Marginal Product
1
50 bars
50
50
2
125
62.5
75
3
220
73.33
95
4
320
80
100
5
410
82
90
6
490
81.67
80
7
560
80
70
8
610
76.25
50
9
640
71.11
30
10
630
63
-10
A. Using the data in the table, graph (Use Plane #1) and explain the following:
a. Total Output
b. Average Product
c. Marginal Product
Explanation:
Plane #1
ppines
AS
Transcribed Image Text:USE THE TABLE BELOW AS BASIS FOR TEST A. Number of Workers Total Output per day Average Product Marginal Product 1 50 bars 50 50 2 125 62.5 75 3 220 73.33 95 4 320 80 100 5 410 82 90 6 490 81.67 80 7 560 80 70 8 610 76.25 50 9 640 71.11 30 10 630 63 -10 A. Using the data in the table, graph (Use Plane #1) and explain the following: a. Total Output b. Average Product c. Marginal Product Explanation: Plane #1 ppines AS
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