Q. You have been hired to manage a small manufacturing facility whose cost and production data are given in the table below.
No. of workers Total Labor Cost Output Total Revenue
1 $145 100 $190
2 290 105 380
3 435 111 840
4 680 120 1320
5 725 125 1650
6 870 129 1780
7 1015 131 1800
Illustrate the subsidiary product of the third worker?
Illustrate the subsidiary revenue product of the fourth worker?
Illustrate the subsidiary cost of the sixth worker?
Based on your knowledge of subsidiary analysis, how many workers should you hire? Explain you answer.