| When you reconstruct the table in your work, please lower the location of Marginal Product and Marginal Cost by a half step. In other words, the first entries of Marginal Product and Marginal | | | | | | | | | | | | | |
| Cost should be aligned with the second entries of other columns. | | | | | | | | | | | | | | | | | | | | | | | | | |
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| Nimbus, Inc., makes brooms and then sells them door- to-door. Here is the relationship between the number of workers and Nimbus’s output in a given day: | | | | | | | | | | | | | | | | |
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| Workers output marginal product total cost average total cost marginal cost | | | | | | | | | | | | | | | | | | | | | | | |
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| 0 0 - - - - | | | | | | | | | | | | | | | | | | | | | | |
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| 1 20 - - - - | | | | | | | | | | | | | | | | | | | | | | |
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| 2 50 - - - - | | | | | | | | | | | | | | | | | | | | | | |
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| 3 90 - - - - | | | | | | | | | | | | | | | | | | | | | | |
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| 4 120 - - - - | | | | | | | | | | | | | | | | | | | | | | |
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| 5 140 - - - - | | | | | | | | | | | | | | | | | | | | | | |
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| 6 150 - - - - | | | | | | | | | | | | | | | | | | | | | | |
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| 7 155 - - - - | | | | | | | | | | | | | | | | | | | | | | |
| a fill in the column of marginal products. What pattern do you see?how might you explain it? | | | | | | | | | | | | | | | | | | | | | | | |
| b a worker costs $100 a day, and the firm has fixed costs of $200. Use this information to fill in the column for total cost. | | | | | | | | | | | | | | | | | | | | |
| c fill in the column for average total cost.(recall that ATC=TC/Q. what pattern do you see? | | | | | | | | | | | | | | | | | | | | | | | |
| d now fill in the column for marginal cost.(recall that MC=ΔTC/ΔQ) what pattern do U see? | | | | | | | | | | | | | | | | | | | | | | | |
| e compare the column for marginal product and the column for marginal cost. Explain the relationship. | | | | | | | | | | | | | | | | | | | | | | |
| f compare the column for average total cost and the column for marginal cost. Explain the relationship. | | | | | | | | | | | | | | | | | | | | | | |
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