The table shows the daily production of Papaya Co., that supplies papayas to hotels and restaurants in Manila Price of 1 kg. -P50, Daily wage per worker = P500 What is the marginal product of each of the 6th to 10th workers? [Select] No. of Total MP (kg) AP (kg) Law of Diminishing marginal returns sets in after how many workers? per per Workers Product (kg) worker worker [Select] 0 5 10 15 20 25 30 35 0 1500 4500 10500 18000 24000 27000 28000
The table shows the daily production of Papaya Co., that supplies papayas to hotels and restaurants in Manila Price of 1 kg. -P50, Daily wage per worker = P500 What is the marginal product of each of the 6th to 10th workers? [Select] No. of Total MP (kg) AP (kg) Law of Diminishing marginal returns sets in after how many workers? per per Workers Product (kg) worker worker [Select] 0 5 10 15 20 25 30 35 0 1500 4500 10500 18000 24000 27000 28000
Chapter11: The Firm: Production And Costs
Section: Chapter Questions
Problem 6P
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