G
Gee Whiz
Guest
Input of labor (workers per week) 0,1,2,3,4,5,6
Total Output of DVD Drives- 0,25,60,85,105,115,120
A) Calculate the average physical product at each quantity of labor
B) Using the information from above calculate the marginal physical product of labor at each quantity of labor
C) For manufacturers of DVD drives in the previous problems, at what point do diminishing marginal returns set in?
Total Output of DVD Drives- 0,25,60,85,105,115,120
A) Calculate the average physical product at each quantity of labor
B) Using the information from above calculate the marginal physical product of labor at each quantity of labor
C) For manufacturers of DVD drives in the previous problems, at what point do diminishing marginal returns set in?