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1. Identify atleast 3 pictures of SMALL FIRM and explain each picture how they 3. Consider the following production schedule for Yogurt. Diminishing returns start
1. Identify atleast 3 pictures of SMALL FIRM and explain each picture how they 3. Consider the following production schedule for Yogurt. Diminishing returns start with contribute to the society as small firm businesses refer your discussion the according to the given topic we have in chapter 4. PRODUCTION FUNCTION 2. Consider the following production schedule for Yogurt. What is the marginal product of the 450 O O 4th worker? 400 350 PRODUCTION FUNCTION 300 450 O O Gallons of yogurt per day 400 350 $8585 300 O Gallons of yogurt per day O 2 6 0 8 8 5 85 O Number of workers 2 6 8 Number of workers Total Production (gallons/day) O 0 0 Number of workers 100 250 Number of workers Total Production (gallons/day 3 350 0 0 400 100 5 425 2 250 425 3 350 4 400 The question has been evaluated if you learn. Choose your answer & Explained Why? 425 425 A.1st worker B.3rd worker The question has been evaluated if you learn. Choose your answer & Explained Why? C. 6th worker 50 gallons per day C 100 gallons per day 0 450 gallons per day
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