The following table shows a short-run production function for tablets. Use the data to determine where diminishing margi...
The following table shows a short-run production function for
tablets. Use the data to determine where diminishing marginal
product begins.
| Number of workers | Total output of tablets |
| 0 | 0 |
| 1 | 50 |
| 2 | 120 |
| 3 | 180 |
| 4 | 230 |
| 5 | 280 |
| 6 | 325 |
| 7 | 320 |
| 8 | 310 |
Diminishing marginal product begins when the company hires worker
number
Homework Answers
MPL = Change in output (Q) / Change in workers (L)
| L | Q | MPL |
| 0 | 0 | |
| 1 | 50 | 50 |
| 2 | 120 | 70 |
| 3 | 180 | 60 |
| 4 | 230 | 50 |
| 5 | 280 | 50 |
| 6 | 325 | 45 |
| 7 | 320 | -5 |
| 8 | 310 | -10 |
Diminishing marginal product begins when MPL starts decreasing, i.e. when company hires worker number 3.
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