Sandwiches, a sandwich shop, has the following marginal product curve (labelled MP) for its hourly productions hourly production.

Economics For Today
10th Edition
ISBN:9781337613040
Author:Tucker
Publisher:Tucker
Chapter11: Labor Markets
Section: Chapter Questions
Problem 3SQP
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 Sandwiches, a sandwich shop, has the following marginal product curve (labelled MP) for its hourly productions hourly production.
20
18
16
14
12
10
MP
8
LABOUR (Workers)
When labour increases from two to three workers, total product changes by 11 sandwiches
per hour.
MARGINAL PRODUCT (Sandwiches per worker)
Transcribed Image Text:20 18 16 14 12 10 MP 8 LABOUR (Workers) When labour increases from two to three workers, total product changes by 11 sandwiches per hour. MARGINAL PRODUCT (Sandwiches per worker)
Use the orange points (square symbol) to plot the production function on the following graph. Assume that if there are no workers, Underground
Sandwiches does not have any output.
Note: Plot your points in the order in which you would like them connected. Line segments will connect the points automatically.
80
72
Production Function
64
56
48
40
32
18
1
2
QUANTITY OF LABOUR (Workers)
TOTAL OUTPUT (Sandwiches)
24
Transcribed Image Text:Use the orange points (square symbol) to plot the production function on the following graph. Assume that if there are no workers, Underground Sandwiches does not have any output. Note: Plot your points in the order in which you would like them connected. Line segments will connect the points automatically. 80 72 Production Function 64 56 48 40 32 18 1 2 QUANTITY OF LABOUR (Workers) TOTAL OUTPUT (Sandwiches) 24
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