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Managerial economics Analytical question: Number of Workers Output 300 590 665 1) The table above shows the weekly relationship between output and number of workers

Managerial economics

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Analytical question: Number of Workers Output 300 590 665 1) The table above shows the weekly relationship between output and number of workers for a factory with a fixed size of plant. ed Calculate the marginal product of labor At what point does diminishing returns set in? Calculate the average product of labor. Find the three stages of production

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