00:02
Rate chinese leaves chinese leaves total total early wage cost for each level of workers.
00:32
So if we multiply the number of workers by the wage rate of dollar 10 per hour to the total wage was equal to the number of workers into the wage rate.
00:43
So the wage rate is dollar 10 per hour total wage cost equals to number of workers to wage rate.
01:16
So for 10 workers, it's 10 into dollar 10 that is dollar 100 for 20.
01:28
It's 22 dollar 10 to 100 likewise for 170 workers.
01:34
It's total wage cost is 170 into dollar 10, which is equal to 17 on it's calculate the marginal product and marginal cost for each jump between levels of workers and output the marginal product represents the additional output produced whether each additional worker and the marginal cost represent the additional cost incurred by the each additional workers.
02:11
So for the first jump of the first jump marginal product equals to output for 20 workers minus output for 10 workers, which is equals to 10 marginal cost equals to total wage cost for 20 workers minus total wage cost for cost for 10 workers, which is equals to dollar dollar 100 is equals to dollar 100 for the second jump marginal product equals to offer for 30 workers and it's output for the 20 workers that is 30 minutes.
04:11
20 10 and the marginal cost is total wage cost for 30 workers minus total wage cost for the 20 workers, which is equals to the horizontal post equal.
04:24
Minus dollar to hundred dollars...