Enable text based alternatives for graph display and drawing entry

Try another version of these questions

Question 1

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

Number of workersNumber of Oranges
00
190
2162
3216
4252
5270

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

 

Hint




Question 2

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

Number of workersNumber of Apples
00
1030
2054
3072
4084
5090

Given this data, what is marginal product of labor when quantity increases from 10 by ten units?

 

Hint




Question 3

The table below shows data for the production of Bags for an individual firm operating in a perfectly competitive market. Suppose that the price of Bags is $1.

Number of workersNumber of Bags
00
1050
2090
30120
40140
50150
Given this data, complete the table:



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


Hint