ECON 2720 Lecture : The firm
38 views2 pages
22 Nov 2011
School
Department
Course
Professor
Get access
Grade+
$40 USD/m
Billed monthly
Homework Help
Study Guides
Textbook Solutions
Class Notes
Textbook Notes
Booster Class
10 Verified Answers
Class+
$30 USD/m
Billed monthly
Homework Help
Study Guides
Textbook Solutions
Class Notes
Textbook Notes
Booster Class
7 Verified Answers
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 |
|
Construct the marginal product schedule for the production function data in the following table.
| Labor | Total Product | Marginal Product |
| 0 | 0 | |
| 1 | 8 | |
| 2 | 18 | |
| 3 | 30 | |
| 4 | 43 | |
| 5 | 55 | |
| 6 | 65 | |
| 7 | 73 | |
| 8 | 79 | |
| 9 | 82 | |
| 10 | 80 |