For further query you can Contact Us :

msa@msahomeworkhelp.com
MSA Homework Help

Answer

Economics

$4.99


1. The following table shows the quantity of workers and total output for a local pizza parlor. Answer the following questions based on the table: Quantity of Workers Total Output 0 0 1 5 2 3 19 4 24 5 28 6 26 a. When the owner hires 4 workers, what is the average product of labor? b. What is marginal product of fifth worker? c. If the marginal product of second worker is 6, what is the total number of pizzas produced when 2 workers are hired? Assuming the marginal product of the second worker is 6, with which worker hired does the law of diminishing returns set in?