Aisha Labor Input (Number of Workers) 0 Total Output (Corn in bushels) 20 40 60 80 100 Marginal Product 0 - 50 2.5 90 2 120 1.5 140 1 150 0.5 Labor Input (Number of Workers) 0 Total Output Marginal (Iron in tons) Product 0 20 3 0.15 40 6 0.15 60 9 0.15 80 12 0.15 100 15 0.15 Betty Input (Number of Workers) 0 Total Output (Corn in bushels) Marginal Product 0 - 20 75 40 175 3.75 5 60 300 6.25 80 450 7.5 100 625 8.75 Labor Input (Number of Workers) Total Output (Iron in tons) Marginal Product 0 0 - 20 6 0.3 40 18 0.6 60 36 0.9 80 60 1.2 100 90 1.5

Aisha Labor Input (Number of Workers) 0 Total Output (Corn in bushels) 20 40 60 80 100 Marginal Product 0 - 50 2.5 90 2 120 1.5 140 1 150 0.5 Labor Input (Number of Workers) 0 Total Output Marginal (Iron in tons) Product 0 20 3 0.15 40 6 0.15 60 9 0.15 80 12 0.15 100 15 0.15 Betty Input (Number of Workers) 0 Total Output (Corn in bushels) Marginal Product 0 - 20 75 40 175 3.75 5 60 300 6.25 80 450 7.5 100 625 8.75 Labor Input (Number of Workers) Total Output (Iron in tons) Marginal Product 0 0 - 20 6 0.3 40 18 0.6 60 36 0.9 80 60 1.2 100 90 1.5

Micro Economics For Today

10th Edition

ISBN:9781337613064

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter11: Labor Markets

Section: Chapter Questions

Problem 20SQ

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