Nimbus, Inc., makes brooms and then sells them door-to-door. Here is the relationship between the number of workers and Nimbus' output during a given day. I have completed the first two rows. Workers Output Marginal Total Average Marginal Product Cost Total Cost Cost $200 --- --- --- 1 20 20 $300 $15 $5 50 30 $400 $8 $3.33 90 4 120 140 150 7 155 Fill in the column of marginal products. What pattern do you see? How might you explain it? Hint: incorporate Diminishing Marginal Product.
Nimbus, Inc., makes brooms and then sells them door-to-door. Here is the relationship between the number of workers and Nimbus' output during a given day. I have completed the first two rows. Workers Output Marginal Total Average Marginal Product Cost Total Cost Cost $200 --- --- --- 1 20 20 $300 $15 $5 50 30 $400 $8 $3.33 90 4 120 140 150 7 155 Fill in the column of marginal products. What pattern do you see? How might you explain it? Hint: incorporate Diminishing Marginal Product.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
![Nimbus, Inc., makes brooms and then sells them door-to-door. Here is the relationship
between the number of workers and Nimbus' output during a given day. I have completed the
first two rows.
Workers
Output
Marginal
Total
Average
Marginal
Product
Cost
Total Cost
Cost
$200
---
---
---
1
20
20
$300
$15
$5
2
50
30
$400
$8
$3.33
90
4
120
140
6
150
7
155
Fill in the column of marginal products. What pattern do you see? How might you explain it?
Hint: incorporate Diminishing Marginal Product.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb6ea49f2-aec0-47e4-ae21-0e0a47907cd1%2F4c0e7d27-8535-42e1-9f85-d4dd937e3e44%2Fjl3npzp_processed.png&w=3840&q=75)
Transcribed Image Text:Nimbus, Inc., makes brooms and then sells them door-to-door. Here is the relationship
between the number of workers and Nimbus' output during a given day. I have completed the
first two rows.
Workers
Output
Marginal
Total
Average
Marginal
Product
Cost
Total Cost
Cost
$200
---
---
---
1
20
20
$300
$15
$5
2
50
30
$400
$8
$3.33
90
4
120
140
6
150
7
155
Fill in the column of marginal products. What pattern do you see? How might you explain it?
Hint: incorporate Diminishing Marginal Product.
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