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The Following Table Shows the Relationship Between Output and Number

question 31

Essay

The following table shows the relationship between output and number of workers in the short run.If the wage is $50/day,find marginal cost of production.
 Number of  Workers  Output 001502110330044505590666577008725974010735\begin{array} { | c | c | } \hline \begin{array} { c } \text { Number of } \\\text { Workers }\end{array} & \text { Output } \\\hline 0 & 0 \\\hline 1 & 50 \\\hline 2 & 110 \\\hline 3 & 300 \\\hline 4 & 450 \\\hline 5 & 590 \\\hline 6 & 665 \\\hline 7 & 700 \\\hline 8 & 725 \\\hline 9 & 740 \\\hline 10 & 735 \\\hline\end{array}

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Definitions:

Variable Manufacturing Costs

Costs that vary directly with the level of production, such as raw materials, direct labor, and certain overhead expenses.

Operating Income

Earnings before interest and taxes (EBIT), representing the profit from a company's core business operations.

Export Fees

Charges associated with sending goods or services to another country, which can include customs duties, taxes, and transportation costs.

Production Capacity

The maximum output a company can produce in a given period under normal circumstances.

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