Question 1 The following table describes a daily production function for PINOY A Co., which hires worker: bananas for export. Fill out the blank cells using EXCEL Note: Price of 1 kilo =100, daily wage per w P400 What is the marginal product of each c 3RD & 4TH workers? No. of Total MP (kg) AP (kg) [ Select ] Law of Diminishing marginal returns s after how many workers? Product Workers (kls) per per worker worker [ Select ] 1500 4 4500 10500 8 15000 10 18000 12 19500 14 19500 Next
Question 1 The following table describes a daily production function for PINOY A Co., which hires worker: bananas for export. Fill out the blank cells using EXCEL Note: Price of 1 kilo =100, daily wage per w P400 What is the marginal product of each c 3RD & 4TH workers? No. of Total MP (kg) AP (kg) [ Select ] Law of Diminishing marginal returns s after how many workers? Product Workers (kls) per per worker worker [ Select ] 1500 4 4500 10500 8 15000 10 18000 12 19500 14 19500 Next
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter1: Welcome To Economics!
Section: Chapter Questions
Problem 20CTQ: Suppose you have a team of two workers: one is a baker and one is a chef. Explain why file kitchen...
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Question
![se the best Answer for each item. If none of the choices is within 5% of your answer, Choose None of the
es.
Question 1
The following table describes a daily production function for PINOY A Co., which hires worker:
bananas for export.
Fill out the blank cells using EXCEL
Note: Price of 1 kilo =100, daily wage per w
P400
What is the marginal product of each c
3RD & 4TH workers?
No. of
Total
MP (kg)
AP (kg)
[ Select ]
Law of Diminishing marginal returns s
Product
per
per
after how many workers?
Workers
(kls)
worker
worker
[ Select ]
2
1500
4
4500
6
10500
8
15000
10
18000
12
19500
14
19500
Next](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F68eef6e4-453c-47f5-927b-845daa6cd7f6%2F06e3ddc2-27b5-4852-a866-c5c302211e16%2Fiq2h6cg_processed.jpeg&w=3840&q=75)
Transcribed Image Text:se the best Answer for each item. If none of the choices is within 5% of your answer, Choose None of the
es.
Question 1
The following table describes a daily production function for PINOY A Co., which hires worker:
bananas for export.
Fill out the blank cells using EXCEL
Note: Price of 1 kilo =100, daily wage per w
P400
What is the marginal product of each c
3RD & 4TH workers?
No. of
Total
MP (kg)
AP (kg)
[ Select ]
Law of Diminishing marginal returns s
Product
per
per
after how many workers?
Workers
(kls)
worker
worker
[ Select ]
2
1500
4
4500
6
10500
8
15000
10
18000
12
19500
14
19500
Next
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