Question:
Part 1: The short run production function for a manufacturer of DVD drivers is as follows:
Input of Labor (workers per week) Total output of DVD drivers
0 0
1 25
2 60
3 85
4 105
5 115
6 120
Based on the information, calculate the averae physical product at each quantity of labor.
Part 2: Using the information provided in the attachment calculate the marginal physical product of labor at each quantity of labor.
Part 3: From the manufacturer of DVD drivers from part 1 and 2, at what point do diminshing marginal returns set in?