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Number of Workers Output 0 0 3 90 6 198 9 540 12 810 15 1062 18 1197 21 1260 24 1305 27 1278 30
Number of Workers Output
0 0
3 90
6 198
9 540
12 810
15 1062
18 1197
21 1260
24 1305
27 1278
30 1269
The table above shows the weekly relationship between output and number of workers for a factory with a fixed size of plant.
a. Calculate the marginal product of labor.
b. At what point does diminishing returns set in?
c. Calculate the average product of labor.
d. Find the three stages of production.
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