Fill This Form To Receive Instant Help
Fill This Form To Receive Instant Help
Homework answers / question archive / DustyDevil Company has an assembly line of the fixed size capital
DustyDevil Company has an assembly line of the fixed size capital. Total output is a function of the number of workers (crew size) as shown in the following schedule:
| Crew Size (No. of workers) | Total Output (No. of units) |
|---|---|
| 0 | 0 |
| 1 | 10 |
| 2 | 35 |
| 3 | 50 |
| 4 | 56 |
| 5 | 59 |
| 6 | 60 |
| 7 | 60 |
| 8 | 58 |
Determine the following schedules to complete the table (crew size from 0 to 8) with the following columns:
(a) marginal productivity of labor
(b) average productivity of labor
(c) elasticity of production with respect to labor
Already member? Sign In
