Production and Costs IIn the short run,a manufacturer of small boats has the following production function,which shows the relationship between the number of workers employed and the number of boats built in a month.Boats Workers (number per month) 1
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Production and Costs IIn the short run,a manufacturer of small boats has the following production function,which shows the relationship between the number of workers employed and the number of boats built in a month.Boats Workers (number per month) 1
Production and Costs I
In the short run,a manufacturer of small boats has the following production function,which shows the relationship between the number of workers employed and the number of boats built in a month.
Boats
Workers (number per month)
1 9
2 19
3 27
4 33
5 38
a.Based on this information,what is the marginal product,in boats,of the second worker?That is,how many additional boats are produced whenemployment is increased from one worker to two workers?____________________
b.returns first become apparent with the hiring of which worker?
A.The fifth worker
B.The first worker
C.The fourth worker
D.The third worker
E.The second worker
Production and Costs IIn the short run,a manufacturer of small boats has the following production function,which shows the relationship between the number of workers employed and the number of boats built in a month.Boats Workers (number per month) 1
a.10
b.E