The table below shows the number of workers and total output. Calculate marginal and average product for each worker. Number of Workers Total Production Marginal Product Average Product 1 100 2 220 3 300 4 340 The marginal product of the third worker is Blank 1 and the average product when three workers are employed is The marginal product of the fourth worker is Blank 3 and the average product when fourth workers are employed is
The table below shows the number of workers and total output. Calculate marginal and average product for each worker. Number of Workers Total Production Marginal Product Average Product 1 100 2 220 3 300 4 340 The marginal product of the third worker is Blank 1 and the average product when three workers are employed is The marginal product of the fourth worker is Blank 3 and the average product when fourth workers are employed is
Microeconomics: Principles & Policy
14th Edition
ISBN:9781337794992
Author:William J. Baumol, Alan S. Blinder, John L. Solow
Publisher:William J. Baumol, Alan S. Blinder, John L. Solow
Chapter19: Labor And Entrepreneurship: The Human Inputs
Section: Chapter Questions
Problem 4TY
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The table below shows the number of workers and total output. Calculate marginal and average product for each worker.
Number of Workers |
Total Production |
Marginal Product |
Average Product |
1 |
100 |
|
|
2 |
220 |
|
|
3 |
300 |
|
|
4 |
340 |
|
|
The marginal product of the third worker is Blank 1 and the average product when three workers are employed is
The marginal product of the fourth worker is Blank 3 and the average product when fourth workers are employed is
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