Tad's Baitshop currently uses no computers in determining inventory. The number of items that can be inventoried in a day is given by y(L) =
, where L is the number of labor hours used. If Tad purchases a computer to be used for inventory purposes, the number of items that can be inventoried in a day becomes y(L) = 2
. Use the information in the table below to sketch Tad's marginal product of labor curves before and after the use of the computer for inventory purposes.

Question

Tad's Baitshop currently uses no computers in determining inventory. The number of items that can be inventoried in a day is given by y(L) =  
, where L is the number of labor hours used. If Tad purchases a computer to be used for inventory purposes, the number of items that can be inventoried in a day becomes y(L) = 2  
. Use the information in the table below to sketch Tad's marginal product of labor curves before and after the use of the computer for inventory purposes.

Quizplus · Accepted Answer

The Answer of Tad's Baitshop currently uses no computers in determining inventory. The number of items that can be inventoried in a day is given by y(L) =  
, where L is the number of labor hours used. If Tad purchases a computer to be used for inventory purposes, the number of items that can be inventoried in a day becomes y(L) = 2  
. Use the information in the table below to sketch Tad's marginal product of labor curves before and after the use of the computer for inventory purposes.

Tad's Baitshop Currently Uses No Computers in Determining Inventory