Sweetgrass radiology labs has a fixed amount of radiology equipment. The laborat

Question

Sweetgrass radiology labs has a fixed amount of radiology equipment. The laboratory can hire any number of radiology technician per hour to produce number of technicians hired per hour and the number of radiographs produce per hour is shown in the following table. Show the total and marginal products and indicate at each level of production whether the production function exhibits increasing, constant or diminishing marginal productivity. Radiographs technician per hour Radiographs produced per hour 1 10 2 26 3 50 4 74 5 94 6 100

Explanation / Answer

Given radiograph Technician per Hour Radiograph Produced per Hour 1 10 2 26 3 50 4 74 5 94 6 100 marginal productivity at hiring technicians is as followes number of salespersons - marginal utility - total utility 1-10-10 2-16-26 3-24-50 4-24-74 5-20-94 6-6-100 thus a diminishing marginal utility curve.

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