63 041
Assignments Done
99,1%
Successfully Done
In July 2018

Answer to Question #44109 in Microeconomics for Najla

Question #44109
The amount of fish caught per week on a trawler is a function of the crew size assigned to operate the boat. Based on past data, the following production schedule was developed:
CRRW SIZE
(Number of workers) Amount of Fish caught per week
(Hundreds of LBS)
2 3
3 6
4 11
5 19
6 24
7 28
8 31
9 33
10 34
11 34
12 33
a. Over what ranges of workers are there (i) increasing, (ii) constant, (iii) deceasing and (iv) negative returns?
Expert's answer

Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!

Comments

No comments. Be first!

Leave a comment

Ask Your question

Submit
Privacy policy Terms and Conditions