Discussion with Mathematics2848 G. :

Discussion with Mathematics2848 G. :

The time has come for you to go to college and move from your parent's home. You are moving approximately 300 boxes from your parent's house to the school dorm and need to hire some help. The moving company has given you the following production table.

Number  of  Workers   Total  Product  of  Labor     Average Production Level     Marginal Production Level

 (per hour )                               (boxes per hour)                                             

0                                    0

1                                    20

2                                    46

3                                    66

4                                    80

5                                    85

Complete the table and determine the most efficient number of movers to hire. Explain. (Be sure to discuss average production and marginal production levels.) Does the production function in the table exhibit diminishing marginal returns? Explain what you think is happening.