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Please see attached. There are 2 economics questions.-(Answered)

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Please see attached. There are 2 economics questions.


Table 1

 

Q

 


 

TFC

 


 

TVC

 


 

TC

 


 

AVC

 


 

MC

 


 

0

 


 

__

 


 

__

 


 

15

 


 

1

 


 

__

 


 

__

 


 

23

 


 

2

 


 

__

 


 

__

 


 

__

 


 

__

 


 

4

 


 

3

 


 

__

 


 

15

 


 

__

 


 

__

 


 

__

 


 

The average total cost of 3 units of output in Table 1 is:

 


 

Table 2

 

Workers

 

0

 

1

 

2

 

3

 

4

 

5

 


 

Boats (per month)

 

0

 

9

 

19

 

27

 

33

 

38

 


 

Based on this information, what is the marginal product, in boats, of the second worker? That is, how

 

many additional boats are produced when employment is increased from one worker to two workers?

 


 

 

Paper#9255672 | Written in 27-Jul-2016

Price : $16
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