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1. The following table shows the average productivity of a team of painters hired to paint a large shopping center. What is the marginal product
1. The following table shows the average productivity of a team of painters hired to paint a large shopping center. What is the marginal product of labor for the second painter?
Number of Painters | Average Productivity |
---|---|
1 | 4 |
2 | 6 |
3 | 7 |
4 | 7.5 |
5 | 7.75 |
6 | 9 |
a) 2
b) 3
c) 6
d) 8
e) 10
2. A company hires workers to develop phone apps. The following table shows the marginal productivity of each worker. What is the total product of employing the third worker?
Number of Workers | Marginal Product |
---|---|
1 | 8 |
2 | 9 |
3 | 10 |
4 | 10.5 |
5 | 9.75 |
6 | 9.5 |
a) 1
b) 9
c) 10
d) 27
e) 30
3. Use the graph to answer the question. The shift from MC1to MC2could be explained by
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