Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
choices for the highlighted question is
4 sandwiches, 11sandwiches ,15 sandwiches ,18 sandwiches
please also do the graphs. thank you!
![Underground Sandwiches, a sandwich shop, has the following marginal product curve (labelled MP) for its hourly production.
20
18
16
14
10
8.
MP
LABOUR (Workers)
When labour increases from three to four workers, total product changes by
per hour.
Use the orange points (square symbol) to plot the production function on the following graph. Assume that if there are no workers, Underground
Sandwiches does not have any output.
Note: Plot your points in the order in which you would like them connected. Line segments will connect the points automatically.
12
co
MARGINAL PRODUCT (Sandwiches per worker)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fdb3f09d6-4883-4640-8ae1-90fbcee18316%2F13a235d6-8e31-4c38-838a-459bb1f20a75%2Ft05i8d_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Underground Sandwiches, a sandwich shop, has the following marginal product curve (labelled MP) for its hourly production.
20
18
16
14
10
8.
MP
LABOUR (Workers)
When labour increases from three to four workers, total product changes by
per hour.
Use the orange points (square symbol) to plot the production function on the following graph. Assume that if there are no workers, Underground
Sandwiches does not have any output.
Note: Plot your points in the order in which you would like them connected. Line segments will connect the points automatically.
12
co
MARGINAL PRODUCT (Sandwiches per worker)
![LABOUR (Workers)
When labour increases from three to four workers, total product changes by
per hour.
Use the orange points (square symbol) to plot the production function on the following graph. Assume that if there are no workers, Underground
Sandwiches does not have any output.
Note: Plot your points in the order in which you would like them connected. Line segments will connect the points automatically.
80
ロ
72
Production Function
64
56
48
32
16
8.
1.
3.
4
QUANTITY OF LABOUR (Workers)
TOTAL OUTPUT (Sandwiches)
24](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fdb3f09d6-4883-4640-8ae1-90fbcee18316%2F13a235d6-8e31-4c38-838a-459bb1f20a75%2F8en0sz_processed.jpeg&w=3840&q=75)
Transcribed Image Text:LABOUR (Workers)
When labour increases from three to four workers, total product changes by
per hour.
Use the orange points (square symbol) to plot the production function on the following graph. Assume that if there are no workers, Underground
Sandwiches does not have any output.
Note: Plot your points in the order in which you would like them connected. Line segments will connect the points automatically.
80
ロ
72
Production Function
64
56
48
32
16
8.
1.
3.
4
QUANTITY OF LABOUR (Workers)
TOTAL OUTPUT (Sandwiches)
24
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