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

Number of workersNumber of Oranges
00
110
218
324
428
530

Given this data, what is the marginal product of labor when quantity increases from 4 by one unit?

 

Hint




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

Number of workersNumber of Apples
00
10140
20252
30336
40392
50420

Given this data, what is marginal product of labor when quantity increases from 20 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 $6.

Number of workersNumber of Oranges
00
1040
2072
3096
40112
50120
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