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

Number of workersNumber of Avocados
00
150
290
3120
4140
5150

Given this data, what is the marginal product of labor when quantity increases from 2 by one unit?

 

Hint




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

Number of workersNumber of Avocados
00
1030
2054
3072
4084
5090

Given this data, what is marginal product of labor when quantity increases from 40 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 $4.

Number of workersNumber of Oranges
00
10140
20252
30336
40392
50420
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


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