Scenario 4 - Production in the Short Run
hknfla
Scenario_4_-_Excel_Worksheet_Student.xlsxSheet1
| L (Labor) | Q (Total Product) | MP (Marginal Product) | AP (Average Product) |
| 0 | 0 | ||
| 1 | 10 | ||
| 2 | 30 | ||
| 3 | 60 | ||
| 4 | 100 | ||
| 5 | 130 | ||
| 6 | 150 | ||
| 7 | 168 | ||
| 8 | 184 | ||
| 9 | 189 | ||
| 10 | 190 | ||
| 11 | 187 | ||
| 12 | 180 | ||
| 1. Explain when increasing returns occurs. | |||
| Explain when diminishing marginal returns occurs. | |||
| Explain when negative marginal returns occurs. | |||
| 2. Why does that occur? Are the last people you hired just lazy? | |||
