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

Number of workersNumber of Avocados
00
1140
2252
3336
4392
5420

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

 

Hint




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

Number of workersNumber of Avocados
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 $5.

Number of workersNumber of Oranges
00
1090
20162
30216
40252
50270
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