Try Another Version of These Questions

Question 1

The table below shows data for the production of Bags for an individual firm.

Number of workers | Number of Bags |
---|---|

0 | 0 |

1 | 50 |

2 | 90 |

3 | 120 |

4 | 140 |

5 | 150 |

Given this data, what is marginal product when quantity increases from 3 by one unit?

20

Hint

Box 1: Enter your answer as a number (like 5, -3, 2.2172) or as a calculation (like 5/3, 2^3, 5+4)

Enter DNE for Does Not Exist, oo for Infinity

Question 2

The table below shows data for the production of Apples for an individual firm.

Number of workers | Number of Apples |
---|---|

0 | 0 |

10 | 140 |

20 | 252 |

30 | 336 |

40 | 392 |

50 | 420 |

Given this data, what is marginal product when quantity increases from 30 by ten units?

5.6

Hint

Box 1: Enter your answer as a number (like 5, -3, 2.2172) or as a calculation (like 5/3, 2^3, 5+4)

Enter DNE for Does Not Exist, oo for Infinity