The diagram below shows the production function for Clean-Like-New car wash business. (a) Compute the total product, marginal product, and the average product values in the following table: $$\begin{array} { | c | c | c | c | }
\hline \begin{array} { c }
\text { Number of } \
\text { Workers }
\end{array} & \begin{array} { c }
\text { Total } \
\text { Product }
\end{array} & \begin{array} { c }
\text { Marginal } \
\text { Product }
\end{array} & \begin{array} { c }
\text { Average } \
\text { Product }
\end{array} \
\hline 0 & & & \
\hline 1 & & & \
\hline 2 & & & \
\hline 3 & & & \
\hline 4 & & & \
\hline 5 & & & \
\hline 6 & & & \
\hline 7 & & & \
\hline
\end{array}$$ (b) Where does increasing marginal productivity occur?
(c) Where does diminishing marginal productivity occur?
(d) Where does diminishing absolute productivity occur?

Question

The diagram below shows the production function for Clean-Like-New car wash business.  (a) Compute the total product, marginal product, and the average product values in the following table: $$\begin{array} { | c | c | c | c | } 
\hline \begin{array} { c } 
\text { Number of } \
\text { Workers }
\end{array} & \begin{array} { c } 
\text { Total } \
\text { Product }
\end{array} & \begin{array} { c } 
\text { Marginal } \
\text { Product }
\end{array} & \begin{array} { c } 
\text { Average } \
\text { Product }
\end{array} \
\hline 0 & & & \
\hline 1 & & & \
\hline 2 & & & \
\hline 3 & & & \
\hline 4 & & & \
\hline 5 & & & \
\hline 6 & & & \
\hline 7 & & & \
\hline
\end{array}$$ (b) Where does increasing marginal productivity occur?
(c) Where does diminishing marginal productivity occur?
(d) Where does diminishing absolute productivity occur?

Quizplus · Accepted Answer

The Answer of The diagram below shows the production function for Clean-Like-New car wash business.  (a) Compute the total product, marginal product, and the average product values in the following table: $$\begin{array} { | c | c | c | c | } 
\hline \begin{array} { c } 
\text { Number of } \
\text { Workers }
\end{array} & \begin{array} { c } 
\text { Total } \
\text { Product }
\end{array} & \begin{array} { c } 
\text { Marginal } \
\text { Product }
\end{array} & \begin{array} { c } 
\text { Average } \
\text { Product }
\end{array} \
\hline 0 & & & \
\hline 1 & & & \
\hline 2 & & & \
\hline 3 & & & \
\hline 4 & & & \
\hline 5 & & & \
\hline 6 & & & \
\hline 7 & & & \
\hline
\end{array}$$ (b) Where does increasing marginal productivity occur?
(c) Where does diminishing marginal productivity occur?
(d) Where does diminishing absolute productivity occur?

The Diagram Below Shows the Production Function for Clean-Like-New Car