Fill in the blanks in the following table and then answer the question that follows. (Note: Round your answers to two decimal places. For example, round 0.6666 to 0.67, or 0.1666 to 0.17.) Units of Variable Total Marginal Average of Input Product Product 0 1 2 00 N O UAWN 3 4 5 6 7 8 0 6 16 30 40 45 48 49 48 True False AA MA Price Total 00000000 Product Input Cost $1 $1 $1 $1 $1 $1 $1 $1 Average Variable Variable Cost $1 000000000 $ $ $ $ $ 00000000 Total Fixed Total Cost Cost $2 $2 $2 $2 $2 $2 $2 $2 $2 1000000000 $ $ True or False: Once a firm confronts diminishing marginal product, larger and larger additions of the variable factor are required to expand output by 1 unit. This will cause marginal cost to rise.

The tapie pelow Cotains pricerdemand and total cOSt data Tor the production of treadmilis, where p is the wholesale price (in dollars) of a treadmill for an annual demand of x treadmills, and C is the total cost (in dollars) of producing x treadmills. p ($) C ($) 2,910 1,450 3,634,000 3,415 1,275 3,782,000 4,645 1,123 4,185,000 5,330 918 4,290,000 Use this data to find a linear regression equation for price-demand data, using x as the independent variable: p= ax + b, where a is rounded to 1 decimal place and 6 is rounded to the nearest integer. Use this data to find a linear regression model for the cost data, using x as the independent variable: C(x) = cx + d, where c is rounded to the nearest integer and d is.rounded to the nearest 10,000. To Do Notifications Dashboard Calendar

workers ouput marginal product  total cost average total cost marginal cost 0 0 0 200 0 $0 1 20 20 300 $15 $5 2 50 30 400 $8 $3.33 3 90 40 500 $5.56 $2.50 4 120 30 600 $5 $3.33 5 140 20 700 $5 $5 6 150 10 800 $5.33 $10 7 155 5 900 $5.8 $20 a.) can you explain dimisnishing marginal product based on those numbers?  b.) compare the column for average total coat and the column for marginal cost. Explain the relationship.

workers ouput marginal product  total cost average total cost marginal cost 0 0 0 200 0 $0 1 20 20 300 $15 $5 2 50 30 400 $8 $3.33 3 90 40 500 $5.56 $2.50 4 120 30 600 $5 $3.33 5 140 20 700 $5 $5 6 150 10 800 $5.33 $10 7 155 5 900 $5.8 $20 can you explain diminishing marginal product based on these numbers?

Please see attachment and table given in it .n solve part b asap within 40min. Will give you multiple upvotes only for the correct answer. Thank you

O O Price (dollars) 160 120 8 40 0 2 4 Quantity According to the figure above, the total cost of producing 5 units is $24 $80 $8 $120 $40

Fill in the space (a) in the table below associated with the firm William Perry, Inc., that delivers refrigerators in the Chicago area, using the two inputs of labor and trucks. + O Number of Amount of Trucks Labor O Undetermined O 0 2 2 2 2 2 2 2 2 0 1 2 3 4 5 6 Total Output 0 75 (c) 380 (f) Average Product of Labor (a) (b) 100 (d) (e) 75 Marginal Product of Labor 100 50 (g) 0