Attempt 1
© Macmillan Learning
Workers Bracelets MPLMPL
0 0 ---
1 55 55
2 * 2626
3 4343 1212
4 * 44
5 * 44
Betsy's Bangles produces and sells woven bracelets. The table shows information about the number of workers employed, daily bracelet production, and the marginal product of labor (MPL)(MPL) . Use this to answer the questions.
You must calculate the bracelet values that are absent to answer the question.
A. How many bracelets can be produced by 5 workers?
bracelets from 5 workers:
B. Between which levels of bracelet production does Betsy's firm experience increasing marginal returns and diminishing marginal returns?
C. Marginal returns increase from 0 to 3131 bracelets, then diminish from 4343 to 5151 bracelets.
D. Marginal returns increase from 3131 to 4747 bracelets then diminish from 4747 to 5151 bracelets.
e. Marginal returns increase from 0 to 55 bracelets then diminish from 3131 to 4747 bracelets.
There is insufficient information to answer the question.
