What is the marginal product of the second janitor?. Is the addition of the third janitor associated with increasing, diminishing, or negative marginal returns.. Is the addition of the f
Trang 1Attributed to Libby Rittenberg and Timothy Tregarthen Saylor.org
Janitors per evening 0 1 2 3 4 5 6 7
Classrooms cleaned per evening 0 3 7 12 16 17 17 16
1 What is the marginal product of the second janitor?
2 What is the average product of four janitors?
3 Is the addition of the third janitor associated with increasing,
diminishing, or negative marginal returns? Explain
4 Is the addition of the fourth janitor associated with increasing,
diminishing, or negative marginal returns? Explain
5 Is the addition of the seventh janitor associated with
increasing, diminishing, or negative marginal returns? Explain
6 Draw the total product, average product, and marginal
product curves and shade the regions corresponding to
increasing marginal returns, decreasing marginal returns, and
negative marginal returns
7 Calculate the slope of the total product curve as each janitor
is added
8 Characterize the nature of marginal returns in the region
where
1 The slope of the total product curve is positive and
increasing
2 The slope of the total product curve is positive and
decreasing
3 The slope of the total product curve is negative
2 Suppose a firm is producing 1,000 units of output Its average fixed
costs are $100 Its average variable costs are $50 What is the total
cost of producing 1,000 units of output?