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Question 1 Use the following table for this question. Number of Marginal Product Total Product Average Workers Product 12 16 14 13 10 a. Complete
Question 1 Use the following table for this question. Number of Marginal Product Total Product Average Workers Product 12 16 14 13 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 cafe in a university town where there are dozens of very similar cappuccino cafes. b. The makers of Pepsi-Cola. c. One of many sellers of zucchini at a local farmers market
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