### Maximizing total output vs output per worker

Assignment Help Econometrics
##### Reference no: EM1375922

You have given the following data about the amount your firm can manufacture per day given the number of workers it hires.
Numbers of Workers Quantity Produced
0 0
1 1
2 3
3 6
4 11
5 19
6 24
7 28
8 31
9 33
10 34
11 34
12 33

a. What is the range of workers where there are increasing returns to scale? Constant returns to scale? Decreasing returns to scale? Negative returns?
b. If the company wants to maximize total output, what number of workers should be hired?
c. What is the number of workers that should be hired if the company wants to maximize output per worker?

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