In the example presented by this graph, at what number of workers does the point of diminishing marginal product occur? The Production Function and Marginal Product Tetal Tetal output Marginal Output Number imumber of meals product of labor of workers served per hour) 70 se 30 10 10 15 15 Number of werkers la 12 Marginal Product of Labor 10 52 15 10 910 Number of 10 workers Click to view larger image. a. Ninth worker b. Second worker C. Fourth worker d. Third worker

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Charlie owns his own candy factory where he employs individuals to make his world-famous toffee. The graphs show the factory's production for one day. Charlie pays each worker $110 a day and sells his toffee for $0.50 each. Use the accompanying graph to answer the following 2080 1960 Total product questions. 1800 1600 a. Calculate the marginal product of labor (MPL) for the fifth and eighth workers. 1360 1080 760 MPL 5thworker units 400 6. 10 MPL units gth worker Ouantity of workers Quantity of toffee (units)

The table below shows data for the production of Avocados for an individual firm. Number of workers Number of Avocados 0 0 1 70 2 126 3 168 4 196 5 210 Given this data, what is the marginal product of labor when quantity increases from 1 by one unit?

MC ATC AVC 10 20 30 40 50 60 70 80 90 100 Quantity (gallons of ice cream per hour) Based on the above figure, for which of the following amounts of output at Ike's lce Cream Kitchen does the average product of labor exceed the marginal product of labor? Select one: O a. at 10 gallons O b. at 40 gallons Oc. at 70 gallons O d. all of the above u.om/mod/quiz/attempt.php?attempt3D1467161&cmid%3D718241&page=D5 Cost (dollars per gallon)

Question 4 The table below describes the production function for a candy maker. Marginal Product Number of Output workers 1 30 65 3 95 4 120 135 6 140 a. Fill in the table with the values for the Marginal Product. b. Explain what diminishing marginal product is and state with which worker it sets in.

Graph Total Product, Average Product and Marginal Product curves from the table given

can someone pls explain if marginal product function (i.) and (ii) are either convex or concave? what is their economic implication?

18. What word do we use to refer to the amount of goods and services produced for each hour of a worker’s time?

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