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Complete the following table by calculating the marginal physical product of labor (MPPL) of each worker. Labor (Number of workers) (Shovels) veis per worker) 100 90 80 70 60 0 Plot the MPPL curve on the following graph using the blue points (circle symbol). 50 Output 1 2 3 4 5 0 90 175 245 300 325 Marginal Physical Product of Labor (Shovels) A A A A A MPP L (?)

Complete the following table by calculating the marginal physical product of labor (MPPL) of each worker. Labor (Number of workers) (Shovels) veis per worker) 100 90 80 70 60 0 Plot the MPPL curve on the following graph using the blue points (circle symbol). 50 Output 1 2 3 4 5 0 90 175 245 300 325 Marginal Physical Product of Labor (Shovels) A A A A A MPP L (?)

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Complete the following table by calculating the marginal physical product of labor (MPPL) of each worker. Labor (Number of workers) (Shovels) (Shovels) MPPL (Shovels per worker) 100 90 80 70 Plot the MPPL curve on the following graph using the blue points (circle symbol). 60+ 50 D 40 30 20 10 0 Output 0 1 2 3 4 5 0 1 2 LABOR (Number of workers) 3 0 90 175 245 300 325 Marginal Physical Product of Labor 14 ΑΛΛΛΑ MPP L (?)
Transcribed Image Text:Complete the following table by calculating the marginal physical product of labor (MPPL) of each worker. Labor (Number of workers) (Shovels) (Shovels) MPPL (Shovels per worker) 100 90 80 70 Plot the MPPL curve on the following graph using the blue points (circle symbol). 60+ 50 D 40 30 20 10 0 Output 0 1 2 3 4 5 0 1 2 LABOR (Number of workers) 3 0 90 175 245 300 325 Marginal Physical Product of Labor 14 ΑΛΛΛΑ MPP L (?)
Consider again Gopher Excavators's total physical product and its marginal physical product of labor. Labor (Number of workers) (Shovels) WAGE (Dollars per worker) 300 270 240 210 180 The following graph shows the demand for labor for three different prices per shovel: 150 120 90 60 30 0 0 - O N O M 0 1 2 3 4 2 Output 5 1 3 LABOR (Number of workers) 0 90 175 245 300 325 Marginal Physical Product of Labor (Shovels) 4 AAAAA 90 85 70 55 25 ? Given the company's marginal physical product of labor, line on the previous graph shows Gopher's demand for labor when the price of a shovel is $1.00, and line shows Gopher's demand for labor when the price of a shovel is $3.00. Y
Transcribed Image Text:Consider again Gopher Excavators's total physical product and its marginal physical product of labor. Labor (Number of workers) (Shovels) WAGE (Dollars per worker) 300 270 240 210 180 The following graph shows the demand for labor for three different prices per shovel: 150 120 90 60 30 0 0 - O N O M 0 1 2 3 4 2 Output 5 1 3 LABOR (Number of workers) 0 90 175 245 300 325 Marginal Physical Product of Labor (Shovels) 4 AAAAA 90 85 70 55 25 ? Given the company's marginal physical product of labor, line on the previous graph shows Gopher's demand for labor when the price of a shovel is $1.00, and line shows Gopher's demand for labor when the price of a shovel is $3.00. Y
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