Homework SourseThe table below shows the quantity of workers and total outp
The table below shows the quantity of workers and total output for a local pizza parlor. Answer the following questions based on this table:
a. When the owner hires 4 workers, the average product of labor is nothing pizzas. (Enter your response rounded to two decimal places
b the marginal product of the fifth worker is nothing pizzas. (Enter your response as a whole number
c If the marginal product of the second worker is 6, then the total number of pizzas produced when 2 workers are hired is nothing pizzas. (Enter your response as a whole number.)
d.Assuming the marginal product of the second worker is 6, the law of diminishing marginal returns set in with the
A third worker hired.
B sixth worker hired
C fifth worker hired
D fourth worker hired
| Quantity of workers | Total Out put |
| 0 | 0 |
| 1 | 3 |
| 2 | |
| 3 | 17 |
| 4 | 22 |
| 5 | 26 |
| 6 | 24 |
Solution
MP (nth unit) = Output (n units) - Output ((n-1) units)
AP = Q/L
a. When the owner hires 4 workers, the average product of labor is 5.5 pizzas.
b the marginal product of the fifth worker is 4 pizzas.
c If the marginal product of the second worker is 6, then the total number of pizzas produced when 2 workers are hired is 9 pizzas.
d.Assuming the marginal product of the second worker is 6, the law of diminishing marginal returns set in with the
D fourth worker hired (MP starts decreasing)
| Quantity of workers | Total Output | MP | AP |
| 0 | 0 | ||
| 1 | 3 | 3 | 3 |
| 2 | 9 | 6 | 4.5 |
| 3 | 17 | 8 | 5.67 |
| 4 | 22 | 5 | 5.5 |
| 5 | 26 | 4 | 5.2 |
| 6 | 24 | -2 | 4 |
