Ihalysis of chapter 11 on the student portal) Output (Q) Net Marginal Amount of Total cost Marginal Revenue Revenue Labor of Labor cost of Labor 20 1000 1000 1 600 600 50 2500 1500 1100 500 84 4200 1700 3 1550 2030 450 110 4760 560 480 120 5270 510 2560 530 126 5570 300 6. 3160 600 122 5370 -200 7 3960 800

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
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Q5. What is the incremental analysis? Use the incremental analysis to find the
Economics efficiency in the following production table.
information and discussion is necessary. (Hint: Please see the additional class
notes of incremental analysis of chapter 11 on the student portal)
Detailed
Output (Q)
Net
Marginal
Revenue
Amount of Total
Marginal
cost
Revenue
Labor
of Labor
cost
of
Labor
20
1000
1000
1
600
600
50
2500
1500
1100
500
84
4200
1700
3
1550
450
110
4760
560
4.
2030
480
120
5270
510
2560
530
126
5570
300
6.
3160
600
122
5370
-200
3960
800
Transcribed Image Text:Q5. What is the incremental analysis? Use the incremental analysis to find the Economics efficiency in the following production table. information and discussion is necessary. (Hint: Please see the additional class notes of incremental analysis of chapter 11 on the student portal) Detailed Output (Q) Net Marginal Revenue Amount of Total Marginal cost Revenue Labor of Labor cost of Labor 20 1000 1000 1 600 600 50 2500 1500 1100 500 84 4200 1700 3 1550 450 110 4760 560 4. 2030 480 120 5270 510 2560 530 126 5570 300 6. 3160 600 122 5370 -200 3960 800
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