Question

286 FIRM BEHAMIOR AND THE ORGANIZATION OF INDUSTRY PART 5 5.rumble Corporation produces cookies. Here is f. Comp 6. Conside pizzeria a (dozens and t relati e relationship between the number of workers and output (in dozens of cookies) in a given av Average Marginal Total Total Marginal 0 Workers Output Product Cost Cost Cost 0 0 2 50 67 a. What b. Const marg matio ginal tion o betwe 7. You are stand. T ents for a. What What b. Const avera put le 90 95 96 a. Fill in the column of marginal products b. A worker costs $30 per day and the firm has c. Fill in the column for average total cost. d. Now fill in the column for marginal cost. e. Compare the column for marginal product What pattern do you see? How might you explain it? fixed costs of $10. Use this information to fill in the column for total cost. (Recall that ATC TC/Q) What pattern do you see? cost c (Recall that MC ATC/AQ) What pattern do you see? and the column for marginal cost. What pat- tern do you see?