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$>+62= +B  9 6 $#" 87 8?  87-*B  =8 =1. *<<2076.7= -;89 +8A


58,*=.- 87 =1. ;- E88; 8/ )12;.7 +>25-270

*=. <>+62<<287 2< 78= *558@.- %1. =.*,1270 *<<2<=*7= @255 <=*;= =8 -2<,><< <86. 8/
=1. *7<@.;< 27 =1. *<<2076.7= 27 =1. =>=8;2*5< 27 =1. @..4 8/ 8?  %1>< *55 5*=.
<>+62<<287< @255 ;.,.2?. <=;2,=5B )#! 6*;4

!7,. B8> 1*?. <>+62==.- B8>; @8;4 B8> *;. 78= *558@.- =8 ,1*70. B8>; *7<@.;< / B8>
<>+62= 68;. =1*7 87. ,89B 8/ B8>; @8;4 !75B 87. @255 +. 0;*-.- 8; =1. 58@.<= <,8;. @255
+. ;.,8;-.- 87=8 =1. 0;*-. <1..=

(8>; *7<@.;< 6><= +. 27 7052<1 *7- 27 1*7- @;2=270 "18=8,89B ,869>=.; 9;27=8>=
,869>=.; 9;27=8>= 8/ 1*7- @;2=270 8; .5.,=;872, <>+62<<287 @255 78= +. *,,.9=.-

';2=. -8@7 B8>; 7*6. *7- <=>-.7=  87 =1. =89 8/ =1. /;87= 9*0. 8/ =1. *7<@.; <1..=<
$>+62<<287 @2=18>= * 7*6. 8; <=>-.7=  @255 ;.,.2?. )#! 6*;4

';2=. 87 +8=1 <2-.< 8/ 9*9.;< *7- <=*95. B8>; *7<@.; <1..=< 2/ =1.;. 2< 68;. =1*7 87.
<1..= / B8> -8 78= <=*95. B8>; *7<@.; <1..=< 875B =1. <1..= =1*= <18@< B8>; 7*6. *7-
<=>-.7=  @255 +. 0;*-.-

#.*- =1. &72?.;<2=B 9852,B ;.0*;-270 *,*-.62, 187.<=B +./8;. -8270 =12< *<<2076.7=
+!)*#'& 

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.*,1 &<.- +884< ,8<= 875B  .*,1 '1.7 =1. +884<=8;. *778>7,.< =1*= =1.;. @255 +.
*  27,;.*<. 27 =1. 9;2,. 8/ 7.@ +884< *7- *  27,;.*<. 27 =1. 9;2,. 8/ ><.- +884<
7=8728F< /*=1.; 8G.;< 126  .A=;*

* '1*= 1*99.7< =8 7=8728F< +>-0.= 527. 55><=;*=. =1. ,1*70. @2=1 7.@ +884< 87 =1.
?.;=2,*5 *A2<

+ < 7=8728 @8;<. 8; +.==.; 8G */=.; =1. 9;2,. ,1*70. A95*27

+!)*#'&

.7 *558,*=.< 12< 5>7,1 +>-0.= +.=@..7 =@8 088-< 92CC* *7- +>;;2=8<

* 55><=;*=. .7F< 89=26*5 +>7-5. 87 * 0;*91 @2=1 92CC* 87 =1. 18;2C87=*5 *A2<

+ $>998<. 78@ =1*= 92CC* 2< =*A.- ,*><270 =1. 9;2,. =8 27,;.*<. +B  55><=;*=. .7F<
7.@ 89=26*5 +>7-5.

, $>998<. 27<=.*- =1*= 92CC* 2< ;*=287.- *= * :>*7=2=B 5.<< =1*7 .7F< -.<2;.- :>*7=2=B
55><=;*=. .7F< 7.@ 89=26*5 +>7-5.

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6*0*C27. =1*= *<<207< .*,1 ,*; *7 27-.A /8; <=B5270 *7- *7 27-.A /8; 0*< 625.*0. *,1 27-.A
;>7< /;86 =8  @2=1 ;.9;.<.7=270 .2=1.; =1. 68<= <=B5270 8; =1. +.<= 0*< 625.*0. '125.
5884270 *= =1. 52<= 8/ ,*;< ;.7-* 8+<.;?.< =1*= 87 *?.;*0. *< =1. <=B5. 27-.A 27,;.*<.< +B
87. >72= =1. 9;2,. 8/ =1. ,*; 27,;.*<.< +B  $1. *5<8 8+<.;?.< =1*= *< =1. 0*<625.*0.
27-.A ;2<.< +B 87. >72= =1. 9;2,. 8/ =1. ,*; 27,;.*<.< +B  

* 55><=;*=. =1. ?*;28>< ,86+27*=287< 8/ <=B5. $ *7- 0*< 625.*0.  =1*= ;.7-* ,8>5-
<.5.,= @2=1 1.;   +>-0.= "5*,. 0*< 625.*0. 87 =1. 18;2C87=*5 *A2<

+ $>998<. ;.7-*F< 9;./.;.7,.< *;. <>,1 =1*= <1. *5@*B< ;.,.2?.< =1;.. =26.< *< 6>,1
<*=2</*,=287 /;86 *7 .A=;* >72= 8/ <=B5270 *< <1. -8.< /;86 0*< 625.*0. '1*= =B9. 8/ ,*;
@255 ;.7-* ,188<.

, $>998<. =1*= ;.7-*F< 6*;027*5 ;*=. 8/ <>+<=2=>=287 8/ 0*< 625.*0. /8; <=B5270 2<
.:>*5 =8 $  '1*= ?*5>. 8/ .*,1 27-.A @8>5- <1. 524. =8 1*?. 27 1.; ,*;

- $>998<. =1*= ;.7-*F< 6*;027*5 ;*=. 8/ <>+<=2=>=287 8/ 0*< 625.*0. /8; <=B5270 2<
.:>*5 =8 $  '1*= ?*5>. 8/ .*,1 27-.A @8>5- <1. 524. =8 1*?. 27 1.; ,*;

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$>998<. * ,1*2; 6*7>/*,=>;.; 2< 9;8->,270 27 =1. <18;= ;>7 @2=1 2=< .A2<=270 95*7= *7-
.:>296.7= %1. 6*7>/*,=>;.; 1*< 8+<.;?.- =1. /8558@270 5.?.5< 8/ 9;8->,=287 ,8;;.<987-270
=8 -2G.;.7= 7>6+.;< 8/ @8;4.;<
Number of Number of
Workers Chairs
1 10
2 18
3 24
4 28
5 30
6 28
7 25

* *5,>5*=. =1. 6*;027*5 *7- *?.;*0. 9;8->,= 8/ 5*+8; /8; =12< 9;8->,=287 />7,=287

+ 8.< =12< 9;8->,=287 />7,=287 .A12+2= -26272<1270 ;.=>;7< =8 5*+8; A95*27

, A95*27 27=>2=2?.5B @1*= 6201= ,*><. =1. 6*;027*5 9;8->,= 8/ 5*+8; =8 +.,86. 7.0*=2?.

+!)*#'&

255 27 =1. 0*9< 27 =1. =*+5. +.58@


Quantity of Total Marginal Product Average Product
Variable Input Output of Variable Input of Variable Input
0 0 — —
1 225

2 300

3 300

4 1140

5 225

6 225

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8 =1. /8558@270 />7,=287< .A12+2= 27,;.*<270 ,87<=*7= 8; -.,;.*<270 ;.=>;7< =8 <,*5.


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*7- =1. 8=1.; /*,=8; 1.5- ,87<=*7=

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 ,866.;2,*5 D<1.;6*7 78=2,.< =1. /8558@270 ;.5*=287<129 +.=@..7 18>;< <9.7= D<1270
*7- =1. :>*7=2=B 8/ D<1 ,*>01=


Hours Quantity of Fish (in pounds)
0 0 Lb.
1 10
2 18
3 24
4 28
5 30

* '1*= 2< =1. 6*;027*5 9;8->,= 8/ .*,1 18>; <9.7= D<1270

+ &<. =1.<. -*=* =8 0;*91 =1. D<1.;6*7F< 9;8->,=287 />7,=287 A95*27 2=< <1*9.

, %1. D<1.;6*7 1*< * DA.- ,8<= 8/  12< 985. =1. 8998;=>72=B ,8<= 8/ 12< =26. 2< 
9.; 18>; ;*91 =1. D<1.;6*7F< =8=*5,8<= ,>;?. A95*27 2=< <1*9.

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