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Q3. Nimbus, INC., makes brooms and then sells them door-to-door. Here is the relationship between the number of workers and Nimbus's output in a given
Q3. Nimbus, INC., makes brooms and then sells them door-to-door. Here is the relationship between the number of workers and Nimbus's output in a given day WorkersOutput Marginal Total Cost AverageMarginal Product N/A Total Cost Cost 0 N/A 20 50 90 120 140 150 3 4 7 a) Fill in the column of marginal products. What pattern do you see? b) A worker costs $100 a day, and the firm has fixed costs of $200. Use this information to fill in the column for total cost. c) Fill in the column for average total cost. What pattern do you see? d) Now fill in the column for marginal cost. What pattern do you see? I e) Compare the column for marginal product and the column for marginal cost. Explain the relationship. f) Compare the column for average total cost and the column for marginal cost. Explain the relationship
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