Question 6 Table 4-1 below shows the relationships between labor and output for XYZ Inc. Output by Worker Marginal Product Average Product of # workers Total Output of Labor Labor 0 0 NA NA 1 4 3. 18 4 5 30 5.33 Complete Table 4-1. Use up to two decimal places where needed. (0.5 ea blank)

Principles of Economics, 7th Edition (MindTap Course List)
7th Edition
ISBN:9781285165875
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter18: The Markets For The Factor Of Production
Section: Chapter Questions
Problem 2QCMC
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Question 6
Table 4-1 below shows the relationships between labor and output for XYZ Inc.
Output by Worker
Marginal Product Average Product of
# workers
Total Output
of Labor
Labor
NA
NA
1
4
5.
3
18
30
6
5.33
Complete Table 4-1. Use up to two decimal places where needed. (0.5 ea blank)
2.
4.
Transcribed Image Text:Question 6 Table 4-1 below shows the relationships between labor and output for XYZ Inc. Output by Worker Marginal Product Average Product of # workers Total Output of Labor Labor NA NA 1 4 5. 3 18 30 6 5.33 Complete Table 4-1. Use up to two decimal places where needed. (0.5 ea blank) 2. 4.
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