Question 1

Use the following table for this question.

Number of Workers	Marginal Product	Total Product	Average Product
1	12
2	16
3	14
4	13
5	10

a. Complete the total product and average product columns.

b. With which worker do diminishing returns occur?

Question 2

For each of the following, do you think the business is a price-taking producer? Explain your answers.

a. A cappuccino caf in a university town where there are dozens of very similar cappuccinocafs.

b. The makers of Pepsi-Cola.

c. One of many sellers of zucchini at a local farmers' market.

Question 3