12. The number of repairs produced by a computer repair shopdepends on the number of workers as follows:NUMBER OF WORKERS NUMBER OF REPAIRS(PER WEEK)182033544552er657760Assume that all inputs (office space, telephone, and utilities)other than labor are fixed in the short run.a. Add two additional columns to the table and enter the marginalproduct and average product for each number of workers.b. Over what range of labor input are there increasingreturns to labor? diminishing returns to labor? negativereturns to labor?c. Over what range of labor input is marginal product greaterthan average product? What is happening to average productas employment increases over this range?d. Over what range of labor input is marginal product smallerthan average product? What is happening to average productas employment increases over this range?

Answered: 12. The number of repairs produced by a…

12. The number of repairs produced by a computer repair shop depends on the number of workers as follows: NUMBER OF WORKERS NUMBER OF REPAIRS (PER WEEK) 1 8 20 3 35 4 45 5 52 57 7 60

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

12. The number of repairs produced by a computer repair shop
depends on the number of workers as follows:
NUMBER OF WORKERS NUMBER OF REPAIRS
(PER WEEK)
1
8
20
3
35
4
45
52
er
6
57
7
60
Assume that all inputs (office space, telephone, and utilities)
other than labor are fixed in the short run.
a. Add two additional columns to the table and enter the marginal
product and average product for each number of workers.
b. Over what range of labor input are there increasing
returns to labor? diminishing returns to labor? negative
returns to labor?
c. Over what range of labor input is marginal product greater
than average product? What is happening to average product
as employment increases over this range?
d. Over what range of labor input is marginal product smaller
than average product? What is happening to average product
as employment increases over this range?

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