the question is based on the following table, which provides information on the production that requires one variable input. Marginal product is zero when the total product is
input total product 0 0 1 5 2 20 3 32 4 42 5 50 6 55 7 58 8 58 9 56
the question is based on the following table, which provides information on the production that requires one variable input. Marginal product is zero when the total product is
| input | total product |
| 0 | 0 |
| 1 | 5 |
| 2 | 20 |
| 3 | 32 |
| 4 | 42 |
| 5 | 50 |
| 6 | 55 |
| 7 | 58 |
| 8 | 58 |
| 9 | 56 |
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Related questions
. The following table summarizes the short-run relationship between a firm's total labor input and its total output. (9 points)
| Labor Input | Total Product | Marginal Product | Average Product |
| 0 | 0 | ||
| 1 | 20 | ||
| 2 | 46 | ||
| 3 | 75 | ||
| 4 | 102 | ||
| 5 | 125 | ||
| 6 | 138 | ||
| 7 | 140 | ||
| 8 | 136 |
a. Fill in the columns labeled "Marginal Product" and "Average Product."
b. Over what range of labor input does the firm experience increasing marginal returns? Diminishing marginal returns? Negative marginal returns?
c. Comparing marginal product to average product, under what circumstances will average product rise? Under what circumstances will average product fall?
Construct the marginal product schedule for the production function data in the following table.
| LaborĀ | Total Product | Marginal Product |
| 0 | 0 | Ā |
| 1 | 8 | Ā |
| 2 | 18 | Ā |
| 3 | 30 | Ā |
| 4 | 43 | Ā |
| 5 | 55 | Ā |
| 6 | 65 | Ā |
| 7 | 73 | Ā |
| 8 | 79 | Ā |
| 9 | 82 | Ā |
| 10 | 80 | Ā |
Construct the marginal product schedule for the production data in the following table.
|
Labor |
Total Output |
Marginal Product |
|
0 |
0 |
- |
|
1 |
8 |
Ā |
|
2 |
18 |
Ā |
|
3 |
30 |
Ā |
|
4 |
43 |
Ā |
|
5 |
55 |
Ā |
|
6 |
65 |
Ā |
|
7 |
73 |
Ā |
|
8 |
79 |
Ā |
|
9 |
82 |
Ā |
|
10 |
80 |
Ā |
Ā
