Tham khảo tài liệu 'bài tập về kinh tế vĩ mô bằng tiếng anh - chương 6', kinh tế - quản lý, kinh tế học phục vụ nhu cầu học tập, nghiên cứu và làm việc hiệu quả | Chapter 6 Production CHAPTER 6 Formatted Font Times New Roman 12 pt Formatted Space Before line After line Line spacing lines PRODUCTION Formatted Font Times New Roman Formatted Font Times New Roman 12 pt EXERCISES Formatted Bullets and Numbering 1. The menu at Joe s coffee shop consists of a variety of coffee 1 rinks pastries and Deleted espresso ype J sandwiches. The marginal product of an additional worker can be defined as the number of customers that can be served by that worker in a given time period. Joe has been employing one worker but is considering hiring a second and a third. Explain why the marginal product of the second and third workers might be higher than the first. Why might you expect the marginal product of additional workers to eventually diminish Deleted and second workers respectively Deleted would Deleted an The marginal product could well .increase for the second and third workers. since each of the first 2 or 3 workers would be able to specialize in a different task. If there is only 1 worker then that worker will have to take orders and prepare all the food. Eventually however the marginal product would diminish because there would be too many people behind the counter trying to accomplish a. limited number of tasks. Deleted in this case Deleted M Deleted may Deleted the same task _ Formatted Bullets and Numbering 2. Suppose a chair manufacturer is producing in the short run with its existing plant and equipment . The manufacturer has observed the following levels of production corresponding to different numbers of workers Number of chairs Number of workers 1 10 2 18 74 Chapter 6 Production 3 24 4 28 5 30 6 28 7 25 a Calculate the marginal and average product of labor for this production function. Deleted 1 1 1 1 1 x J__ Formatted Font Times New Roman The average product of labor APl is equal to Q. The marginal product of labor MPl is equal to - Q the change in output divided by the change in .
