assignment 1

assignment 1 - Amount of Labour (units) 0 1 2 3 4 5 6 6.6 7...

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Unformatted text preview: Amount of Labour (units) 0 1 2 3 4 5 6 6.6 7 8 9 10 11 12 13 14 14 Amount of capital (No. of machines) 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 1800 1600 1400 1200 Output o (Q, hund parts) 0 Average (Q/L) Marginal (∆Q/∆L) - 1000 800 600 400 200 0 -200 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 Output of parts (Q, hundreds of parts) 0 49 132 243 376 525 684 792.59 847 1008 1161 1300 1419 1512 1573 1596 1575 Average product (Q/L) 49 66 81 94 105 114 120.09 121 126 129 130 129 126 121 114 105 Output of parts (Q, hundreds of parts) 0 Average product (Q/L) Marginal product (∆Q/∆L) - 5 6 7 8 9 10 11 12 13 14 15 16 Marginal product (∆Q/∆L) 49 83 111 133 149 159 108.59 163 161 153 139 119 93 61 23 -21 ...
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This note was uploaded on 05/31/2011 for the course ECO 550 taught by Professor Gooding during the Spring '09 term at Strayer.

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