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552 20 32 Total product H 3 0 12 3 456 Number of employees Refer to the figure above. The marginal product of the
552 20 32 Total product H 3 0 12 3 456 Number of employees Refer to the figure above. The marginal product of the fourth worker is O 8. 12.5. O 48. 92. 12 The government is concerned about the depletion of scarce resources in the United States. There is a strong belief that crab fisheries are being depleted at a rate that is not sustainable. To slow the rate of extraction, the government has decided to impose an excise tax on the crab market. The following equations represent the market for crab. Assume a $2 dollar per unit excise tax is placed on the sellers. P = 30 - .006QP P = 4+.002Qs Calculate the reduction in quantity by finding the following: Qbefore tax - Qafter tax Question 2 1 pts Total product 32 12 0 1 2 3 4 56 Number of employees Refer to the figure above. The average product with three workers is O 10. 14. O 30. 126.
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