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6 Oct 2020
a. Construct the marginal product schedule for the production function data in the table below.
b.Graph the total output and marginal product curves and identify increasing and diminishing marginal returns.
Labor
Total Output
Marginal Product
0
0
1
8
2
18
3
30
4
43
5
55
6
65
7
73
8
79
9
82
10
80
a. Construct the marginal product schedule for the production function data in the table below.
b.Graph the total output and marginal product curves and identify increasing and diminishing marginal returns.
| Labor | Total Output | Marginal Product |
| 0 | 0 | |
| 1 | 8 | |
| 2 | 18 | |
| 3 | 30 | |
| 4 | 43 | |
| 5 | 55 | |
| 6 | 65 | |
| 7 | 73 | |
| 8 | 79 | |
| 9 | 82 | |
| 10 | 80 |
Retselisitsoe PokothoaneLv10
24 Oct 2020
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Construct the marginal product schedule for the production data in the following table.
|
Labor |
Total Output |
Marginal Product |
|
0 |
0 |
- |
|
1 |
8 |
|
|
2 |
18 |
|
|
3 |
30 |
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4 |
43 |
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|
5 |
55 |
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|
6 |
65 |
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7 |
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8 |
79 |
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|
9 |
82 |
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|
10 |
80 |
Construct the marginal product schedule for the production function data in the following table:
|
Labor |
Total Output |
|
|
0 |
0 |
|
|
1 |
8 |
|
|
2 |
18 |
|
|
3 |
30 |
|
|
4 |
43 |
|
|
5 |
55 |
|
|
6 |
65 |
|
|
7 |
73 |
|
|
8 |
79 |
|
|
9 |
82 |
|
|
10 |
80 |
|
