Nimbus, Inc., makes brooms and then sells them to customers. Here is the relationship between the number of workers and Nimbus’s output in a given day: Workers: * 0 worker * 1 worker * 2 workers * 3 workers * 4 workers * 5 workers * 6 workers * 7 workers Output: * 0 broom * 20 brooms * 50 brooms * 90 brooms * 120 brooms * 140 brooms * 150 brooms * 155 brooms a.)Marginal product / b.)Total cost / c.)Average Total cost / d.)Marginal cost: * ? * ? * ? * ? * ? * ? * ? * ? a.) Construct the marginal-cost and average-total-cost curves for Nimbus. Explain diminishing marginal product and explain when does Nimbus experience diminishing marginal product using the cost curves below.
Nimbus, Inc., makes brooms and then sells them to customers. Here is the relationship between the number of workers and Nimbus’s output in a given day: Workers: * 0 worker * 1 worker * 2 workers * 3 workers * 4 workers * 5 workers * 6 workers * 7 workers Output: * 0 broom * 20 brooms * 50 brooms * 90 brooms * 120 brooms * 140 brooms * 150 brooms * 155 brooms a.)Marginal product / b.)Total cost / c.)Average Total cost / d.)Marginal cost: * ? * ? * ? * ? * ? * ? * ? * ? a.) Construct the marginal-cost and average-total-cost curves for Nimbus. Explain diminishing marginal product and explain when does Nimbus experience diminishing marginal product using the cost curves below.


