Question If one worker makes 14 baskets, two workers make 34 baskets, three workers make 45 baskets, and four workers make 50 baskets, which worker yielded the highest marginal product? 1 the first worker 2 the second worker 3 the third worker the fourth worker

The table below shows the number of workers and total output. Calculate marginal and average product for each worker. Number of Workers Total Production Marginal Product Average Product 1 100     2 220     3 300     4 340     The marginal product of the third worker is Blank 1 and the average product when three workers are employed is  The marginal product of the fourth worker is Blank 3 and the average product when fourth workers are employed is

7. Fancy Footwear manufactures shoes. The figure below shows Fancy Footwear's marginal product of labor and average product of labor curves in the short run. Output (Quantity of footwear) monoos Icunns a'boral ai rud W d 1 1 2 3 4 5 6 7 8 13g moondaM (abanog) (s B a. Identify the Marginal Product and the Average Product? 23/10W A Labor (units) b. For what quantity of labor does production display diminishing returns? od oldat on BM to dinom od not

1. The Al-Maskri Company in Seeb makes flower pots and receives RO 10 for each finished pot. Mr. Al-Maskri’s only factors of production are flower pot machine operators (labor) and a small building where the laborers work from. The number of flower pots per day the company produces depends on the number of employee-hours per day as shown below. The wage is RO 15 per hour. Number of pots per day Number of employee-hours per day0 05 110 215 420 725 1130 1635 22 (a) Mr. Al-Maskri’s daily fixed cost for the flower pot making machine and building is RO 60. Complete the following Table showing total revenue, variable cost, total cost, and daily profit for various quantities of daily flower pot production. Quantity of Pots per day Total RevenueRO per day Variable CostsRO per day Total CostsRO per day ProfitRO per day0 0 0 60 -605 75 -2510 15 20 105 25 30 300 35 -40 (b) The profit maximizing quantity of pots is __________ and at that number of pots the daily profit made is RO…