Suppose charles owns a lawn-mowing company. assume that without workers, no yards are mowed. when he hires one worker, he is

Question

2 years ago

15

Suppose charles owns a lawn-mowing company. assume that without workers, no yards are mowed. when he hires one worker, he is

able to mow 44 yards per day. with two workers, he can mow 99 yards per day, and with three workers, he can mow 1616 yards per day.

Business

1 answer:

Marysya12 [62] · Answer 1 · 2022-08-23T20:33:53+03:00

Marysya12 [62]2 years ago

4 0

<span>Marginal pruduct of first worker is 3 yards. Marginal product of second worker is 4 yards. Marginal product of third worker is 5 yards.The marginal product of labor potentially increases due to specialization.</span>

Suppose charles owns a​ lawn-mowing company. assume that without​ workers, no yards are mowed. when he hires one​ worker, he is

Suppose charles owns a lawn-mowing company. assume that without workers, no yards are mowed. when he hires one worker, he is