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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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.                         
                                
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:                
                                
                                
                                
Workers   output    marginal product   total cost   average total cost     marginal cost                        
                                
0                                  0                   -                    -                     -                                -                      
                                
1                                  20                -                    -                     -                                -                      
                                
2                                  50               -                    -                     -                                -                      
                                
3                                  90               -                    -                     -                                -                      
                                
4                                  120             -                    -                     -                                -                      
                                
5                                  140             -                    -                     -                                -                        
                                
6                                  150        -                    -                     -                                -                         
                                
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.                      
                                
    • 10 years ago
    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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