HW chap 7

Instructionsenteryouranswersaswholenumbers

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Unformatted text preview: sells to her classmates. Her average product of labor is 18 cartoons per hour if she works for one hour, 15 per hour if she works for two hours, 12 per hour if she works for three hours, and 9 per hour if she works for four hours. What is her marginal product of labor at one, two, three, and four hours of work? Instructions: Enter your answers as whole numbers. Emily's marginal product at one hour of work (one hour of work versus zero hours of work) is 18 cartoons; her marginal product at two hours of work (two hours of work relative to one hour of work) is 12 cartoons; 6 at three hours of work; and 0 at four hours of work. rev is ed jrl 08­09­2011 http://e z to.mhe c loud.mc gr a w- hill.c om/hm.tpx? todo= pr intvie w 1/7 1/21/2014 Assignme nt Pr int Vie w Worksheet Section: Production with One Variable Input Emily draws cartoons that she sells to her classmates. Her average product of labor is 18 cartoons per hour if she works for one hour, 15 per hour if she works for two hours, 12 per hour if she works for three hours, and 9 per hour if she works for four hours. What is her marginal product of labor at one, two, three, and four hours of work? Instructions: Enter your answers as whole numbers. Emily's marginal product at one hour of work (one hour of work versus zero hours of work) is her marginal product at two hours of work (two hours of work relative to one hour of work) is 6 at three hours of work; and 18 cartoons; 12 cartoons; 0 at four hours of work. rev is ed jrl 08­09­2011 Explanation: The marginal product of labor with L workers, denoted MPL , equals the extra output produced due to the ΔL marginal units of labor, pe...
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