Economics work?

Question

Input of labor (workers per week) 0,1,2,3,4,5,6

Total Output of DVD Drives- 0,25,60,85,105,115,120

A) Calculate the average physical product at each quantity of labor

B) Using the information provided in problem 23-2, calculate the marginal physical product of labor at each quantity of labor

C) For mnufacturer of DVD drives in problems 23-2 and 23-3, at what point do diminishing marginal returns set in?

Answer 1

A). So the Average productivity is just the level of output divided by the amount of labor used at every level so you would have:

25 / 1 = 25

60 / 2 =30

85 / 3 = 28.33

105 / 4 = 26.25

115 / 5 = 23

120 / 6 = 20

What's problem 23-2 and 23-3?