Question

LABOR 20.1 GRAPHS OF MARG. PROD. OF PL BROOMS WORKERS LABOR CWORKERS) MPL LABOR (werkers)
20.2 GRAPHS OF MARGINAL COST. MC MC q (brooms) a MC 4/broan) MC off (brooms)
20.3/2014 GRAPHS of MC 4 ATC ($/broon) ATC ATC M q (brooms)
. C. dg to the set of graphs at the end of the non-online version of this assignment posted on Minden 1 answer the following:
20.2. PS#5 - Part II-B - 20.2 In the graphs depicting the marginal cost of broom production, choice__fits the data in that qu
20.3. PS#5 - Part II-B - 20.3 f its the data in that question, In the set of graphs depicting BOTH the marginal cost and the
20.4. PS#5 - Part II-B -20.4 average total cost, and that average total cost is rising whenever We also see that average tota
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Answer #1

20.1 C. B; rises then falls
(MPL first increases then reaches a maximum and then starts decreasing with increase in quantity.)

20.2 D. A; falls then rises
(MC first decreases then reach a minimum and then starts increasing with increase in quantity.)

20.3 C. A; falls then rises
(ATC first decreases then reach a minimum and then starts increasing with increase in quantity.)

20.4 A. below; above
(ATC is falling when MC is below it and rising when MC is above it.)

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