3. The table below shows how the number of university classrooms cleaned in an evening varies with the number of janitors: Janitors per 0. 1 2 3 4 6. 7. evening Classrooms 0 cleaned per evening 3 12 16 17 17 16 a. What is the marginal product of the second janitor? b. What is the average product of four janitors? c. Is the addition of the third janitor associated with increasing, diminishing, or negative marginal returns? Explain. d. Is the addition of the fourth janitor associated with increasing, diminishing, or negative marginal returns? Explain. e. Is the addition of the seventh janitor associated with increasing, diminishing, or negative marginal returns? Explain.

3. The table below shows how the number of university classrooms cleaned in an evening varies with the number of janitors: Janitors per 0. 1 2 3 4 6. 7. evening Classrooms 0 cleaned per evening 3 12 16 17 17 16 a. What is the marginal product of the second janitor? b. What is the average product of four janitors? c. Is the addition of the third janitor associated with increasing, diminishing, or negative marginal returns? Explain. d. Is the addition of the fourth janitor associated with increasing, diminishing, or negative marginal returns? Explain. e. Is the addition of the seventh janitor associated with increasing, diminishing, or negative marginal returns? Explain.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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