Question

Number of workers number of widget
produced
0 0
1 8
2 15
3 21
4 26
5 30
6 33
Find mon for each level of employment

Answer 1

To find the "mon" (number) for each level of employment, we need to determine the difference or change in the number of widgets produced for each additional worker.

Number of workers | Number of widgets produced | Change in widgets produced (mon)
0 0
1 8 8
2 15 7
3 21 6
4 26 5
5 30 4
6 33 3

We can observe that the change in widgets produced (mon) decreases as the number of workers increases, indicating a diminishing marginal product of labor.