Question
Graph the total production (PT). Consider that the x-axis will take the values of work (column 2). In another graph, draw the curves corresponding to
Graph the total production (PT). Consider that the x-axis will take the values of work (column 2).
In another graph, draw the curves corresponding to the average product (PMeL) and the marginal product (PM). Consider that the x-axis will take the values of work (column 2).
What analysis you can obtain considering the data and the corresponding graphs.
| Ground | work | PT | PMeL | PM-L |
| 1 | 0 | 0 | 0 | |
| 1 | 1 | 3 | 3 | 3 |
| 1 | 2 | 8 | 4 | 5 |
| 1 | 3 | 12 | 4 | 4 |
| 1 | 4 | 15 | 3 3/4 | 3 |
| 1 | 5 | 17 | 3 2/5 | 2 |
| 1 | 6 | 17 | 2 5/6 | 0 |
| 1 | 7 | 16 | 2 2/7 | -1 |
| 1 | 8 | 13 | 1 5/8 | -3 |
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Microeconomics and Behavior
Authors: Robert Frank
9th edition
9780077723750, 78021693, 77723759, 978-0078021695
