Question

The table below shows the quantity of workers and total output for a local pizza parlor. Answer the following questions based on this​ table:

Quantity of workers	Total Out put
0	0
1	3
2
3	17
4	22
5	26
6	24

a. When the owner hires 4​ workers, the average product of labor is nothing    pizzas. ​(Enter your response rounded to two decimal​ places

b the marginal product of the fifth worker is nothing    pizzas. ​(Enter your response as a whole​ number

c If the marginal product of the second worker is​ 6, then the total number of pizzas produced when 2 workers are hired is    nothing pizzas. ​(Enter your response as a whole​ number.)

d.  Assuming the marginal product of the second worker is​ 6, the law of diminishing marginal returns set in with the

A third worker hired.

B sixth worker hired

C fifth worker hired

D fourth worker hired

Answer 1

Quantity of workers	Total Output	MP	AP
0	0
1	3	3	3
2	9	6	4.5
3	17	8	5.67
4	22	5	5.5
5	26	4	5.2
6	24	-2	4

MP (nth unit) = Output (n units) - Output ((n-1) units)

AP = Q/L

a. When the owner hires 4​ workers, the average product of labor is 5.5 pizzas.

b the marginal product of the fifth worker is 4 pizzas.

c If the marginal product of the second worker is​ 6, then the total number of pizzas produced when 2 workers are hired is 9 pizzas.

d.  Assuming the marginal product of the second worker is​ 6, the law of diminishing marginal returns set in with the

D fourth worker hired (MP starts decreasing)