**Question:**In the example presented by this graph, what is total output when the fifth worker is added?**Graph Explanation:**The graph illustrates the relationship between the number of workers and the production output in two separate charts:- **Chart (a): The Production Function and Total Output** - The x-axis represents the number of workers. - The y-axis represents the total output (number of meals served per hour). - The chart shows a curve that increases, initially at an increasing rate before eventually leveling off, indicating diminishing returns.- **Chart (b): Marginal Product of Labor** - The x-axis represents the number of workers. - The y-axis represents the marginal product of labor. - The chart highlights the change in marginal output as more workers are added. The marginal product rises initially, reaches a peak, and then declines as additional workers are hired.**Table:**- The table lists the number of workers, total output, and marginal product of labor. - 0 workers: 0 output - 1 worker: 12 total output, 12 marginal product - 2 workers: 32 total output, 20 marginal product - 3 workers: 52 total output, 20 marginal product - 4 workers: 60 total output, 8 marginal product - 5 workers: 68 total output, 8 marginal product**Answer Choices:**a. 52 lawns moved b. 50 lawns moved c. It cannot be determined with the given information d. 54 lawns mowed For the fifth worker, the total output is 68 meals served per hour.**Link:** Click to view larger image.

when the 5th worker added, the total output is 52.

In the example presented by this graph, what is total output when the fifth worker is added? The Production Function and Marginal Product Total Output Total output Number (number of meals of workers served per hour) Marginal product of labor 70 s0 30 10 15 15 9 10 Number ef workers 30 la) 12 42 Marginal Product 10 52 of Labor 15 60 10 65 67 63 -10 9 10 Number of workers 10 SS (b)

In the example presented by this graph, what is total output when the fifth worker is added? The Production Function and Marginal Product Total Output Total output Number (number of meals of workers served per hour) Marginal product of labor 70 s0 30 10 15 15 9 10 Number ef workers 30 la) 12 42 Marginal Product 10 52 of Labor 15 60 10 65 67 63 -10 9 10 Number of workers 10 SS (b)

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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