Q5. What is the incremental analysis? Use the incremental analysis to find theEconomics efficiency in the following production table.information and discussion is necessary. (Hint: Please see the additional classnotes of incremental analysis of chapter 11 on the student portal)DetailedOutput (Q)NetMarginalRevenueAmount of TotalMarginalcostRevenueLaborof LaborcostofLabor201000100016006005025001500110050084420017003155045011047605604.20304801205270510256053012655703006.31606001225370-2003960800

Incremental Analysis is the process used to identify the financial data that change under…

Ihalysis of chapter 11 on the student portal) Output (Q) Net Marginal Amount of Total cost Marginal Revenue Revenue Labor of Labor cost of Labor 20 1000 1000 1 600 600 50 2500 1500 1100 500 84 4200 1700 3 1550 2030 450 110 4760 560 480 120 5270 510 2560 530 126 5570 300 6. 3160 600 122 5370 -200 7 3960 800

Ihalysis of chapter 11 on the student portal) Output (Q) Net Marginal Amount of Total cost Marginal Revenue Revenue Labor of Labor cost of Labor 20 1000 1000 1 600 600 50 2500 1500 1100 500 84 4200 1700 3 1550 2030 450 110 4760 560 480 120 5270 510 2560 530 126 5570 300 6. 3160 600 122 5370 -200 7 3960 800

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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