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b) Complete the following table by showing your calculations. Price of output is $10 per unit. Number of Output Marginal
Posted: Sat Feb 19, 2022 2:41 pm
by answerhappygod
- B Complete The Following Table By Showing Your Calculations Price Of Output Is 10 Per Unit Number Of Output Marginal 1 (69.75 KiB) Viewed 68 times
b) Complete the following table by showing your calculations. Price of output is $10 per unit. Number of Output Marginal Value of Marginal Value of Average Average Product (units) Workers Employed (units) Product (units) Product ($) Product ($) 0 0 1 5 2 12 3 20 4 30 5 35 c) Based on the information you calculated from part b), does the business experience law of diminishing returns? If yes, why does diminishing returns happen?