Table 1 Number Of Workers Sheets Of Metal Per Day In Pounds 0 0 1 10 2 22 3 32 4 40 3288561
Table 1 Number of Workers Sheets of Metal per day (in pounds) 0 0 1 10 2 22 3 32 4 40 5 46 6 50 Use Table 1 to answer the following questions: Define the marginal product of labor. Graph the marginal product of labor using Table 1. What is the marginal product of the third worker? Of the fourth worker? Show your math. Is the marginal product of labor diminishing? If yes, at what point does it begin? Explain your reasoning. Why would (or wouldn’t) we expect diminishing returns?
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