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Question 1

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

Number of workersNumber of Avocados
00
170
2126
3168
4196
5210

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

 

Hint




Question 2

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

Number of workersNumber of Pineapples
00
1090
20162
30216
40252
50270

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

 

Hint




Question 3

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 $7.

Number of workersNumber of Oranges
00
10100
20180
30240
40280
50300
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


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