ECON 291 Study Guide - Midterm Guide: Ibm 7090
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12 Nov 2011
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Complete the marginal product schedule below.
|
Labor |
Total Output |
Marginal Product |
|
0 |
0 |
Β |
|
1 |
8 |
Β |
|
2 |
18 |
Β |
|
3 |
30 |
Β |
|
4 |
43 |
Β |
|
5 |
55 |
Β |
|
6 |
65 |
Β |
|
7 |
73 |
Β |
|
8 |
79 |
Β |
|
9 |
82 |
Β |
|
10 |
80 |
Β |
Construct the marginal product schedule for the production function data in the following table:
|
Labor |
Total Output |
Β |
|
0 |
0 |
Β |
|
1 |
8 |
Β |
|
2 |
18 |
Β |
|
3 |
30 |
Β |
|
4 |
43 |
Β |
|
5 |
55 |
Β |
|
6 |
65 |
Β |
|
7 |
73 |
Β |
|
8 |
79 |
Β |
|
9 |
82 |
Β |
|
10 |
80 |
Β |
Construct the marginal product schedule for the production function data in the following table.
| LaborΒ | Total Product | Marginal Product |
| 0 | 0 | Β |
| 1 | 8 | Β |
| 2 | 18 | Β |
| 3 | 30 | Β |
| 4 | 43 | Β |
| 5 | 55 | Β |
| 6 | 65 | Β |
| 7 | 73 | Β |
| 8 | 79 | Β |
| 9 | 82 | Β |
| 10 | 80 | Β |