## [answered] 1)Calculate the marginal product of each worker.

I need rephrase the answers to the questions please.

1)Calculate the marginal product of each worker. What principle explains why the marginal product per worker declines as the number of workers employed increases?2). Calculate the marginal cost of each level of output. What principle explains why the marginal cost per floral arrangement increases as the number of arrangements increases?

1) MPL, shown in the following table for the five workers, is the change in output resulting from the employment of one additional worker per day. MPL falls as the quantity of labor increases due to the principle of diminishing returns.

2)?The marginal cost, MC, of floral arrangements is the change in total cost divided by the change inoutput. So, to compute MC, we first need to compute total cost, TC = FC + VC, as shown in the table.MC per floral arrangement is also shown in the table. MC increases as output increases due again tothe principle of diminishing returns.

Solution details:
STATUS
QUALITY
Approved

This question was answered on: Sep 18, 2020

Solution~0001001154.zip (25.37 KB)

This attachment is locked

We have a ready expert answer for this paper which you can use for in-depth understanding, research editing or paraphrasing. You can buy it or order for a fresh, original and plagiarism-free copy from our tutoring website www.aceyourhomework.com (Deadline assured. Flexible pricing. TurnItIn Report provided)

STATUS

QUALITY

Approved

Sep 18, 2020

EXPERT

Tutor