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Graph the following table. Number of workers. Total Output 0 0 1 20 2 60 3 150 4 260 5 350 6 420 7 455
Graph the following table.
Number of workers. Total Output
0 0
1 20
2 60
3 150
4 260
5 350
6 420
7 455
8 420
9 375
10 300
A. What is the marginal product and average product at each level of production?
B. Graph marginal product and average product.
C. Label the areas on the graph of increasing marginal productivity, diminishing marginal productivity, and diminishing absolute productivity.
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