Gopher Excavators produces shovels in a small factory and sells the shovels in a competitive market. The following table shows the company's production function: Output (Number of workers) (Shovels) Labor 1 100 2 195 275 3 4 340 5 380 Use the blue points (circle symbol) to plot the production function for Gopher Excavators on the following graph. Producion Funtion LABOR Number of work Calculate the marginal product of labor (MPL) of each worker, and then plot the MPL curve on the following graph using the blue points (circle symbol). Note: Remember to plot each point halfway between two integers. For example, when the number of workers increases from 0 to 1, the MPL of the first worker should be plotted with a horizontal coordinate of 0.5, the value halfway between 0 and 1. Line segments will automatically connect the points. DUTPUT (Showe)
Gopher Excavators produces shovels in a small factory and sells the shovels in a competitive market. The following table shows the company's production function: Output (Number of workers) (Shovels) Labor 1 100 2 195 275 3 4 340 5 380 Use the blue points (circle symbol) to plot the production function for Gopher Excavators on the following graph. Producion Funtion LABOR Number of work Calculate the marginal product of labor (MPL) of each worker, and then plot the MPL curve on the following graph using the blue points (circle symbol). Note: Remember to plot each point halfway between two integers. For example, when the number of workers increases from 0 to 1, the MPL of the first worker should be plotted with a horizontal coordinate of 0.5, the value halfway between 0 and 1. Line segments will automatically connect the points. DUTPUT (Showe)
Chapter7: Production And Cost In The Firm
Section: Chapter Questions
Problem 3.7P
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