Emco Company has an assembly line of fixed size A. Total output is a function of the number of workers (crew size) as shown in the following schedule: Crew Size Total Output (No. of Workers) (No. of Units) 0 0 1 10 2 35 3 50 4 56 5 59 6 60 7 60 8 58 Determine the following schedules: (a) Marginal productivity of labor (b) Average productivity of labor (c) (d) Elasticity of production with respect to labor Draw and Show relationship MPL & APL

Microeconomic Theory
12th Edition
ISBN:9781337517942
Author:NICHOLSON
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Chapter9: Production Functions
Section: Chapter Questions
Problem 9.7P
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Emco Company has an assembly line of fixed size A. Total output is a function of the number of workers (crew size) as shown in the following schedule:

 

Crew Size

Total Output

(No. of Workers)

(No. of Units)

 

 

0

 0

1

10

2

35

3

50

4

56

5

59

6

60

7

60

8

58

 

Determine the following schedules:

 

(a)

Marginal productivity of labor

(b)

Average productivity of labor

(c)

(d)

Elasticity of production with respect to labor

Draw and Show relationship MPL & APL

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