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II. Problem-solving questions The following data describe a short-run production function for ABC, Inc., which hires workers to produce widgets. Use the table below to

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II. Problem-solving questions The following data describe a short-run production function for ABC, Inc., which hires workers to produce widgets. Use the table below to complete questions 16 through 18. Quantity of Total Labor (Workers) Product (Daily) 0 0 10 50 20 150 30 350 40 500 50 600 60 650 70 650 80 640 90 620 16. Calculate the marginal product of the first 10 workers. Your Answer: 17. Calculate the average product of the first 50 workers. Your Answer: 18. The diminishing returns set in sometime between and workers. Your Answer: Between and workers (Please specify a 10-worker range. For example, between 50 and 60 workers.)

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