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(Solved): Daily production Deloriss Delights, a shop that makes French pastries, varies with the number of ...



Daily production Deloris’s Delights, a shop that makes French pastries, varies with the number of workers employed, as shown in the table below. a. Fill in the table. Include a minus sign (-) for any negative values entered below. (1) Labour (workers per day) (2) Total Product (pastries per day) (3) Marginal Product (pastries per day) (4) Average Product (pastries per day) 0 0 1 5 2 14 3 24 4 28 5 25 b. In which employment range is marginal product rising? falling and positive? negative? Marginal product is rising when , and total product in this range is . Marginal product is falling and positive when , and total product in this range is . Marginal product is negative when , and total product in this range is . c. Draw the total product curve on one set of axes and the average product and marginal product curves on the other set of axes below. In the left graph, use the tools provided to plot points for the total product curve at each employment level up to 5 workers, including the point (0, 0), for a total of 6 points. In the right graph plot 5 points each for the average and marginal product curves for a total of 10 points (exclude the origin point for both curves). Remember that marginal values such as marginal product are plotted halfway between the two relevant employment levels on the horizontal axis.



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