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Nimbus, Inr.., makes brooms and then sells them door-todoor. Here is the relationship between the number of workers and Nimbus's output in a given day
Nimbus, Inr.., makes brooms and then sells them door-todoor. Here is the relationship between the number of workers and Nimbus's output in a given day : In the following table, complete the marginal product column. Workers outnut Marginal Product Tolal Cost Marginal Cost Average Tolal Cost D 0 1 an E ' v 2 m E I v s E v 4 155 \\:| V V 5 200 \\:| V V 6 220 \\:l V V v 7 E v A worker costs $120 a day, and the lm has xed costs of $180. Use this information to ll in me column for total cost in the previous table. Fill in the column for marginai oust in the ore-Wow: rabie. (Hint: MC = %.J Fill in the column for average tote! most in the orevious tabie. (Hint: MC = %,) Which of the following statements are true about the patterns found in this table? Check ail that apply. C] Marginal cost declines at rst, then rises. C] When marginal product is rising, marginal cost is falling. C] When marginal cost is less than average total cost. average total cost is rising. C] Average total cost is not Ueshaped
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