Microeconomics 2nd Edition by Douglas Bernheim

تمرين 3

Suppose that in Table 7.3 (page 218) the number of garden benches produced by 0, 1, 2, 3, and 4 workers is instead 0, 35, 70, 99, and 112. Calculate the marginal and average products of labor that would have resulted. Check that the relation between these average and marginal products satisfies the properties that we discussed in Section 7.2.