Workers and Output Assignment | Homework For You

5. Crumble Coporation produces cookies. Here is the relationship between the number of workers and output (in dozens of cookies) in a given day:MarginalCost

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a. Fill in the column of marginal products. What pattern do you see? How might you explanin it?

b. A worker costs %30 per day nd the firm has fixed costs of \$10. Use this informaion to fill in the column for total cost.

c. Fill in the column for average total cost. (Recall that ATC = TC/Q). What pattern do you see?

d. Now fill in the column for marginal cost. (Recall that MC = △TC/△Q). What pattern do you see?

e.Compare the column for marginal product and the column for marginal cost. What pattern do you see?

f. Compare the column for average total cost and the column for marginal cost. Explain the relationship. Get Economics homework help today

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