(a) What is the marginal physical product of each successive worker in Figure 5.1? For which worker is marginal physical product

(b) First diminishing?

(c) Zero?

Transcribed Image Text:

Short-Run Production Function C DE F н Labor input (workers per day) Output (pairs of jeans per day) 4 51 34 48 51 47 44 50 0 15 55 н 45 Total output (per day) 40 35 30 25 20 в The rate of output depends on how many inputs are used. 15 10 A 1 2 3 5 6 7 LABOR INPUT (machine operators per day) 4 8. JEANS OUTPUT (pairs per day)