Question
Can you please provide the steps to complete the two tables below; one is for production of concession stand item sales while the other is
Can you please provide the steps to complete the two tables below; one is for production of concession stand item sales while the other is for the production of movie ticket sales? How do I get the Average Product, Marginal Product, Total Value Product, Average Value Product, and Marginal Value Product?
Number of Workers per Day | Concession Items Produced per Day | Average Product | Marginal Product | Average Price of Concession Items | Total Value Product | Average Value Product | Marginal Value Product | Price of Worker per Day | |||||||
0 | 0 | $8.00 | $220.00 | ||||||||||||
2 | 110 | $8.00 | $220.00 | ||||||||||||
4 | 440 | $8.00 | $220.00 | ||||||||||||
6 | 825 | $8.00 | $220.00 | ||||||||||||
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