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malabranche13 malabranche13
wrote...
Posts: 478
5 years ago
Fill in the missing values in the following table. Draw one graph showing how total output increases with the quantity of workers hired, and another graph showing the marginal product of labor and the average product of labor.

Quantity of WorkersTotal OutputMarginal Product of LaborAverage Product of Labor
0  0
1  200
2  500
3  900
41,150
51,300
Textbook 
Microeconomics

Microeconomics


Edition: 7th
Authors:
Read 40 times
3 Replies

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Replies
wrote...
5 years ago
Quantity of WorkersTotal OutputMarginal Product of LaborAverage Product of Labor
0  0------
1 200200200
2 500300250
3 900400300
41,150250   287.5
51,300150260


malabranche13 Author
wrote...
5 years ago
TY
wrote...
5 years ago
Welcome Slight Smile
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