Microeconomics (7th Edition)
7th Edition
ISBN: 9780134737508
Author: R. Glenn Hubbard, Anthony Patrick O'Brien
Publisher: PEARSON
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Question
Chapter 11, Problem 11.3.9PA
Subpart (a):
To determine
Calculation of average product of labor.
Subpart (b):
To determine
Calculation of marginal product of labor.
Subpart (c):
To determine
Calculation of marginal product of labor.
Subpart (d):
To determine
Calculation of marginal product of labor and law of diminishing returns.
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Students have asked these similar questions
The production function expressed in the table below represents the amount of hot dogs Hot
Dog on a Stick makes during a lunch hour based on the number of workers. Calculate the
marginal product of the 8th worker.
7
97
# of Workers
10
Hot Dogs Produced
83
110
107
Provide your answer below:
hot dogs produced
1. Nimbus, Inc., makes brooms and then sells them door-to-door. Here is the
relationship between the number of workers and Nimbus's output during a given
day:
Workers
0
1
2
3
4
5
6
7
Output
(Brooms)
0
20
50
90
120
140
150
155
Marginal
Product
(Brooms)
Total Cost
($)
Average
Total Cost
($)
Marginal
Cost ($)
a)
Fill in the column of marginal products. What pattern do you see? How might
you explain it?
b)
A worker costs $100 a day, and the firm has fixed costs of $200. Use this
information to fill in the column for total cost.
c) Fill in the column for average total cost. What pattern do you see?
Now fill in the column for marginal cost. What pattern do you see?
d)
e)
Compare the column for marginal product with the column for marginal cost.
Explain the relationship.
f)
Compare the column for average total cost with the column for marginal cost.
Explain the relationship.
g)
What is Nimbus's efficient scale?
Barb's Bakery employs three workers who
produce 6 cakes per hour. After Barb
hires a fourth worker, production
increases to 12 cake per hour. Which of
the following statements is TRUE?
a.
b.
C.
d.
Because the marginal product
of the fourth worker is greater
than the average product of
three workers, the average
product must rise.
Because the marginal product
of the fourth worker is less
than the average product of
three workers, the average
product must fall
Because the marginal product
of the fourth worker is less
than the average product of
three workers, the average
product must rise.
Because the marginal product
of the fourth worker is greater
than the average product of
three workers, the average
product must fall.
Chapter 11 Solutions
Microeconomics (7th Edition)
Ch. 11.A - Prob. 1RQCh. 11.A - Prob. 2RQCh. 11.A - Prob. 3RQCh. 11.A - Prob. 4PACh. 11.A - Prob. 5PACh. 11.A - Prob. 6PACh. 11.A - Prob. 7PACh. 11.A - Prob. 8PACh. 11.A - Prob. 9PACh. 11.A - Prob. 10PA
Ch. 11.A - Prob. 11PACh. 11.A - Prob. 12PACh. 11.A - Prob. 13PACh. 11.A - Prob. 14PACh. 11.A - Prob. 15PACh. 11 - Prob. 11.1.1RQCh. 11 - Prob. 11.1.2RQCh. 11 - Prob. 11.1.3PACh. 11 - Prob. 11.1.4PACh. 11 - Prob. 11.1.5PACh. 11 - Prob. 11.2.1RQCh. 11 - Prob. 11.2.2RQCh. 11 - Prob. 11.2.3RQCh. 11 - Prob. 11.2.4RQCh. 11 - Prob. 11.2.5PACh. 11 - Prob. 11.2.6PACh. 11 - Prob. 11.2.7PACh. 11 - Prob. 11.2.8PACh. 11 - Prob. 11.2.9PACh. 11 - Prob. 11.2.10PACh. 11 - Prob. 11.2.11PACh. 11 - Prob. 11.2.12PACh. 11 - Prob. 11.3.1RQCh. 11 - Prob. 11.3.2RQCh. 11 - Prob. 11.3.3PACh. 11 - Prob. 11.3.4PACh. 11 - Prob. 11.3.5PACh. 11 - Prob. 11.3.6PACh. 11 - Prob. 11.3.7PACh. 11 - Prob. 11.3.8PACh. 11 - Prob. 11.3.9PACh. 11 - Prob. 11.4.1RQCh. 11 - Prob. 11.4.2RQCh. 11 - Prob. 11.4.3RQCh. 11 - Prob. 11.4.4PACh. 11 - Prob. 11.4.5PACh. 11 - Prob. 11.4.6PACh. 11 - Prob. 11.4.7PACh. 11 - Prob. 11.4.8PACh. 11 - Prob. 11.4.9PACh. 11 - Prob. 11.4.10PACh. 11 - Prob. 11.5.1RQCh. 11 - Prob. 11.5.2RQCh. 11 - Prob. 11.5.3PACh. 11 - Prob. 11.5.4PACh. 11 - Prob. 11.5.5PACh. 11 - Prob. 11.5.6PACh. 11 - Prob. 11.5.7PACh. 11 - Prob. 11.5.8PACh. 11 - Prob. 11.5.9PACh. 11 - Prob. 11.6.1RQCh. 11 - Prob. 11.6.2RQCh. 11 - Prob. 11.6.3RQCh. 11 - Prob. 11.6.4RQCh. 11 - Prob. 11.6.5RQCh. 11 - Prob. 11.6.6PACh. 11 - Prob. 11.6.7PACh. 11 - Prob. 11.6.8PACh. 11 - Prob. 11.6.9PACh. 11 - Prob. 11.6.10PACh. 11 - Prob. 11.6.11PACh. 11 - Prob. 11.6.12PACh. 11 - Prob. 11.6.13PACh. 11 - Prob. 11.1CTECh. 11 - Prob. 11.2CTECh. 11 - Prob. 11.3CTECh. 11 - Prob. 11.4CTE
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