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Answer typed. Quantity of labor [workers) Total product Average product Marginal product 0 0 24 W N A 50 74 94 110 122 130 134
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Quantity of labor [workers) Total product Average product Marginal product 0 0 24 W N A 50 74 94 110 122 130 134 134 1. Ajax Manufacturing has a fixed scale of plant with the levels of total product given in the table for different levels of labor. Complete the table by calculating the average product and marginal product. Quantity of labor Total product (workers) (widgets per day) TFC TVC TC AFC AVC ATC MC 0 0 5 2 15 3 35 4 50 60 6 65 2. The first table above has the total product schedule for an imaginary good called a widget. Each unit of labor costs $25 and the total fixed cost of capital is $100Step by Step Solution
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