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Calculating Marginal Product of LaborNumber of Workers Output
0 01 502 1103 3004 4505 5906 6657 7008 7259 71010 705
The table show the weekly relationship between output and number of workers for a factory with a fixed size of plant. Find:
a. Calculate the marginal product of labor
b. At what point does diminishing returns set in
c. Calculate the average product of labor
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The government imposes a fixed fee per year on each firm operating in a competitive market.
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