(Answered) Question regarding the level of employment

Economics

Problem: A bakery operating in the short run has found that when the level of employment in its baking room was increased from 4 to 10, in increments of 1, the corresponding levels of bread production were:

Labor (L)	Output (Q)	Marginal Product of Labor (MP_L)
4	110	---
5	115
6	122
7	127
8	130
9	132
10	133

Required:

Question 1: Calculate the Marginal Product of Labor and fill in the table.

Question 2: Explain whether this production function exhibits diminishing marginal productivity of labor.

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Macroeconomics, Economics

Category:- Macroeconomics
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