Question
Please do it by type not pics, 1.Suppose Debbie notices the following relationship between how many...
Please do it by type not pics,
1.Suppose Debbie notices the following relationship between how many workers she hires to work on her fishing boat, and how much fish her company catches (per day):
| Workers | Qty of Fish (in pounds) | Marginal Product | Total Cost | Average Total Cost | Marginal Cost |
| 0 | 0 | ||||
| 1 | 120 | ||||
| 2 | 220 | ||||
| 3 | 300 | ||||
| 4 | 360 | ||||
| 5 | 400 |
a.Use the information in the table to complete the marginal product column. Explain briefly why the marginal productivity might follow this pattern.
b.Suppose Debbie has a fixed cost of $100 per day to rent the boat
and equipment. She must pay each worker $120 per day. Use this
information to complete the total cost, average total cost, and
marginal cost columns in the table. a. Use the information in the
table to complete the marginal product column. Explain briefly why
the marginal productivity might follow this pattern.
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