Table 1 below, shows the output of 6 machinists in the sewing section of the business on a daily basis. Use this information to explain, and illustrate numerically, the law of diminishing returns to Mrs Samuels. In your explanation, you should also refer to the marginal product and average product of the machine operators. Table 1 number of machine operators total items stitched per day 1 15 2 42 3 75 4 113 5 154 6 190

Exploring Economics
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ISBN:9781544336329
Author:Robert L. Sexton
Publisher:Robert L. Sexton
Chapter11: The Firm: Production And Costs
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Table 1 below, shows the output of 6 machinists in the sewing section of the business on a daily basis. Use this information to explain, and illustrate numerically, the law of diminishing returns to Mrs Samuels. In your explanation, you should also refer to the marginal product and average product of the machine operators.

Table 1

number of machine operators total items stitched per day
1 15
2 42
3 75
4 113
5 154
6 190

 

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