Lesson 8.7.2 Activity 4
Complete the table on the next slide. It describes the production and cost of hamburgers at a roadside stand. All figures are measured per hour.​
Plot (design) the production function​
What happens to the marginal product of labor as more workers are added to the production facility? Why? Use this information about the marginal product of labor to explain the slope of the production function you plotted above.​
Plot (design the total-cost curve​
