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

Number of workersNumber of Apples
00
1140
2252
3336
4392
5420

Given this data, what is the marginal product of labor when quantity increases from 1 by one unit?

 

Hint




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

Number of workersNumber of Oranges
00
1080
20144
30192
40224
50240

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

 

Hint




The table below shows data for the production of Oranges for an individual firm operating in a perfectly competitive market. Suppose that the price of Oranges is $2.

Number of workersNumber of Oranges
00
1080
20144
30192
40224
50240
Given this data, complete the table:



 Quantity of Oranges  Marginal Product of Labor (MPL) Value of the Marginal Product of Labor (VMPL)
0 - -
10
20
30
40
50


Hint