Complete the table: Number of Workers per Day Movie Tickets Produced per Day   Average Product   Marginal Product   Average Price of Movie Tickets   Total Value Product   Average Value Product   Marginal Value Product   Price of Worker per Day

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question

Complete the table:

Number of Workers per Day

Movie Tickets Produced per Day

 

Average Product

 

Marginal Product

 

Average Price of Movie Tickets

 

Total Value Product

 

Average Value Product

 

Marginal Value Product

 

Price of Worker per Day

0

0

 

 

 

 

 

$10.00

 

 

 

 

 

 

 

$120.00

1

227

 

 

 

 

 

$10.00

 

 

 

 

 

 

 

$120.00

 

2

615

 

 

 

 

 

$10.00

 

 

 

 

 

 

 

$120.00

 

3

935

 

 

 

 

 

$10.00

 

 

 

 

 

 

 

$120.00

 

4

1,185

 

 

 

 

 

$10.00

 

 

 

 

 

 

 

$120.00

 

5

1,427

 

 

 

 

 

$10.00

 

 

 

 

 

 

 

$120.00

 

6

1,631

 

 

 

 

 

$10.00

 

 

 

 

 

 

 

$120.00

 

7

1,788

 

 

 

 

 

$10.00

 

 

 

 

 

 

 

$120.00

 

8

1,800

 

 

 

 

 

$10.00

 

 

 

 

 

 

 

$120.00

 

9

1,800

 

 

 

 

 

$10.00

 

 

 

 

 

 

 

$120.00

 

10

1,789

 

 

 

 

 

$10.00

 

 

 

 

 

 

 

$120.00

 

11

1,757

 

 

 

 

 

$10.00

 

 

 

 

 

 

 

$120.00

 

12

1,679

 

 

 

 

 

$10.00

 

 

 

 

 

 

 

$120.00

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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