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Work Hours Total Product 0 0 1 10 2 19 3 27 4 34 5 40 6 45 7 49 8 52 Work and Production;
Work Hours Total Product 0 0 1 10 2 19 3 27 4 34 5 40 6 45 7 49 8 52
Work Hours | Total Product |
0 | 0 |
1 | 10 |
2 | 19 |
3 | 27 |
4 | 34 |
5 | 40 |
6 | 45 |
7 | 49 |
8 | 52 |
Work and Production; Rosa finds that her daily Work Hours as an editor in a publishing house and her Total Product is described by the table below..
So with that being said, how do I find Rosa's Average Product and Marginal Product for each hour worked.?
Define diminishing marginal returns. Which factor is fixed and which factor is changing for Rosa? Give an example of diminishing marginal returns in another context.
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