MHR 523 Chapter 10: Chapter 10
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23 Nov 2011
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Related Documents
Related Questions
Complete the marginal product schedule below.
|
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 |
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 |
|
