Managerial Econ

 

Number Of Workers Output
0 0
1 50
2 110
3 300
4 450
5 590
6 665
7 700
8 725
9 710
10 705

The table above shows the weekly relationship between output and number of workers for a factory with a fixed size of plant.

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a. Calculate the marginal product of labor.

b. At what point does diminishing returns set in?

c. Calculate the average product of labor.

d. Find the three stages of production.