1) The following table shows the production function for a firm. Number of workers Average productivity 1 6 2 8 3 9 4 9.25 5 9.30 6 9.32 Which worker represents the first decline in marginal productivity? A- 3rd. B-4th. C-5th D-6th. E- Productivity increases across the range given

1) The following table shows the production function for a firm. Number of workers Average productivity 1 6 2 8 3 9 4 9.25 5 9.30 6 9.32 Which worker represents the first decline in marginal productivity? A- 3rd. B-4th. C-5th D-6th. E- Productivity increases across the range given

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter11: The Firm: Production And Costs

Section: Chapter Questions

Problem 6P

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Question

(1) The following table shows the production function for a firm.

Number of workers	Average productivity
1	6
2	8
3	9
4	9.25
5	9.30
6	9.32

Which worker represents the first decline in marginal productivity?

A- 3rd. B-4th. C-5th D-6th. E- Productivity increases across the range given

(2)A company hires workers to develop phone apps. The following table shows the marginal productivity of each worker.

Number of Workers	Marginal Product
1	8
2	9
3	10
4	10.5
5	9.75
6	9.5

What is the total product of employing the third worker?

A- 1. B-9. C-10. D-27. E-30

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