Jhaaroo Ltd., makes brooms and then sells them doorto-door. Here is the relationship between the number of workers and Jhaaroo’s output during a given day: Average Marginal Total Total Marginal Workers Output Product Cost Cost Cost 0 0 ___ ___ ___ ___ 1 25 ___ ___ ___ ___ 2 55 ___ ___ ___ ___ 3 95 ___ ___ ___ ___ 4 125 ___ ___ ___ ___ 5 145 ___ ___ ___ ___ 6 155 ___ ___ ___ ___ 7 160 ___ ___ Fill in the column of marginal products. What pattern do you see? How might you explain it? A worker costs Rs.1000 a day, and the firm has fixed costs of Rs.2000. Use this information to fill in the column for total cost. Fill in the column for average total cost. What pattern do you see? Now fill in the column for marginal cost. What pattern do you see? 5.Compare the column for marginal product with the column for marginal cost. Explain the relationship.
Jhaaroo Ltd., makes brooms and then sells them doorto-door. Here is the relationship between the number of workers and Jhaaroo’s output during a given day:
Average
Marginal Total Total Marginal
Workers Output Product Cost Cost Cost
0 0 ___ ___
___ ___
1 25 ___ ___
___ ___
2 55 ___ ___
___ ___
3 95 ___ ___
___ ___
4 125 ___ ___
___ ___
5 145 ___ ___
___ ___
6 155 ___ ___
___ ___
7 160 ___ ___
- Fill in the column of marginal products. What pattern do you see? How might you explain it?
- A worker costs Rs.1000 a day, and the firm has fixed costs of Rs.2000. Use this information to fill in the column for total cost.
- Fill in the column for average total cost. What pattern do you see?
- Now fill in the column for marginal cost. What pattern do you see?
5.Compare the column for marginal product with the column for marginal cost. Explain the relationship.
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 4 images
