O Lonzo goes scoreless vs. po Econ201-Fall20 17-PS2-F × e chegg study | Guided S
ID: 1103289 • Letter: O
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O Lonzo goes scoreless vs. po Econ201-Fall20 17-PS2-F × e chegg study | Guided Solt e E 1-E 0 YouTube (0 O To see favorites here, select then 7, and drag to the Favorites Bar folder. Or import from another browser. Import favorites E NCAAF College Football scc + Bal State University (US] blackboard bsu.edu/bbcswebdav/pid-6315818-dt-content-rid-40152305_1/courses/2017FAL _ECON201s08 CLAS 14902 M/ U to below table to answer all questions Marginal ProductVariable Cost Fixed Cost S10 S0 $20 200 350 450 C=? D=? 530 S10 S10 S10 50 $100 $120 S10 All questions are worth ½ point each (except 1 which is worth 3 points). a. What is the marginal product of the second worker (A)? b. What is the marginal product of the third worker (B)? c. What is the total output of four workers (C)? d. What is the total output of five workers (D)? e. What is the marginal product of the sixth worker (E)? 3-24 PM O Type here to search 11) ENG 11/4/2017 ^Explanation / Answer
1) Marginal product is the change in total product due to additional labor hired ie=350-200=150
B)marginal product of third worker=450-350=100
C)Total product of 4 worker=450+50=500
D)TP for 5 worker will be 500+25=525 and
e) MP for 6th worker=530-525=5
F) TC for 525 output=100+10=110
Thus ATC=110/525=0.2095
G)AVC for 500 output=80/500=0.16
H) AFV for 450 output=10/450=0.022
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