a. Calculate and fill in the column of marginal products. What pattern do you see? How might you explain it? Hints: show your calculations.  b. A worker costs $150 per day, and the firm has fixed costs of $300. Use this information to calculate and fill in the column for total cost. Hints: show your calculations.  c. Calculate and fill in the column for average total cost. (Recall that ATC=TC/Q.) What pattern do you see? Hints: show your calculations.

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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a. Calculate and fill in the column of marginal products. What pattern do you see? How might you explain it? Hints: show your calculations. 
b. A worker costs $150 per day, and the firm has fixed costs of $300. Use this information to calculate and fill in the column for total cost. Hints: show your calculations. 
c. Calculate and fill in the column for average total cost. (Recall that ATC=TC/Q.) What pattern do you see? Hints: show your calculations.

Nimbus Ltd. makes brooms and then sells them door to door. Here is the relationship between the
number of workers and Nimbus's output in a given day:
Average
Total Cost
Workers
Output
Marginal Product
Total Cost
Marginal Cost
1
30
70
3.
120
4.
160
5.
190
210
7.
220
2)
69
Transcribed Image Text:Nimbus Ltd. makes brooms and then sells them door to door. Here is the relationship between the number of workers and Nimbus's output in a given day: Average Total Cost Workers Output Marginal Product Total Cost Marginal Cost 1 30 70 3. 120 4. 160 5. 190 210 7. 220 2) 69
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