Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
First graph the related points, shown in the picture, the part I am confused in doing is how to find the marginal product of each of the first four workers and what the marginal product of each of the second workers.
I thought the first set would be 7 and the second set would be 5 but then I noticed I need to do it based on the graph.
How would I get both questions via the graph?

Transcribed Image Text:### Table: Number of Workers vs. Number of Motorcycles Produced Per Year
This table illustrates the relationship between the number of workers employed and the number of motorcycles produced annually.
| Number of Workers | Number of Motorcycles Per Year |
|-------------------|--------------------------------|
| 0 | 0 |
| 4 | 9 |
| 8 | 16 |
| 12 | 21 |
| 16 | 23 |
**Explanation:**
- **Number of Workers:** This column represents the total count of workers involved in motorcycle production.
- **Number of Motorcycles Per Year:** This column shows the annual production rate of motorcycles based on the number of workers.
As we can see, increasing the number of workers initially leads to a significant rise in the production of motorcycles. However, the increase in production begins to slow down as more workers are added. This table is useful for understanding labor productivity and optimizing workforce allocation in motorcycle manufacturing.
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