The Noble Widget Corporation produces just one product, widgets. The company’s new economist has calculated a short-run production function as follows:

Q 5 7V 1 0.6V 2 2 0.1V 3 where Q is the number of widgets produced per day and V is the number of production workers working an 8-hour day.

a. Develop a production schedule with V equaling 1 to 10.

b. Calculate average and marginal products.

c. Draw a graph.