Question
Each additional worker produces two extra units of output until the first three units are produced for some production function. After the third unit is
Each additional worker produces two extra units of output until the first three units are produced for some production function. After the third unit is produced each additional worker produces one extra unit of output. What are the total product of labor, average product of labor and marginal product of labor for the first five units of production associated with this production function?
10. Consider the following short-run production function: = 52
1 3 3 . At what level of L
do diminishing marginal returns begin? At what level of L do diminishing returns begin? (5)
11. Describe the relationship between marginal productivity and average productivity. Use calculus or a graph to support your answer.
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