Please help with these micro economics questions Q27A Company has an assembly line of fixed size A. Total output is a function of the number
of workers as shown in the following schedule:
No. o Workers
Total Out )
6
60
60
8
(a) Determine schedulesfor marginal productivity of labour and average productivity oflabour.
(b) Determine the rage of employment that show the three stages of production
(c) Indicate the level of employment at which the law of diminishing returns first occurs.
( ) uppose the market price of the output RS15 and the wage rate is RS90, how many workers
would this firm hire? VVhat if the market price decreases to $10?
(e) uppose the market price increases to RS25, what is the highest wage rate the firm would be
ling to pay to employ 4 units of labour?
Q28. Complete the following table:
Output units Total Cost (Rs) Average variable
cost (Rs)
30
Marginal Cost
Average fixed
