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Question 1

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

Number of workersNumber of Pineapples
00
130
254
372
484
590

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

 

Hint




Question 2

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

Number of workersNumber of Textbooks
00
1060
20108
30144
40168
50180

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 Avocados for an individual firm operating in a perfectly competitive market. Suppose that the price of Avocados is $4.

Number of workersNumber of Avocados
00
1030
2054
3072
4084
5090
Given this data, complete the table:



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


Hint


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