Ch.+5.2

Ch. 5.2 #1-4


 * 1) Marginal product of labor changes as more workers are hired because they will set a higher output which changes the average that was originally instated by the first worker/workers.
 * 2) As more labor is added the marginal product of labor declines, more workers equals more output but less sales.
 * 3) A fixed cost in a bakery would be rent, electricity, gas, ect. A variable cost would be flour, and other ingredients that go into making bread.
 * 4) A firm does not calculate marginal cost it makes decisions on the amount of supply for a product, its price, and markets.