Try another version of this question
The table below shows data for the production of Pineapples for an individual firm.
| Number of workers | Number of Pineapples |
|---|---|
| 0 | 0 |
| 1 | 80 |
| 2 | 144 |
| 3 | 192 |
| 4 | 224 |
| 5 | 240 |
Given this data, what is marginal product when quantity increases from 2 by one unit?
48
Marginal product is the additional output of one more worker. Mathematically, Marginal Product is the change in total product divided by the change in labor: MP= ΔTP/ΔL.
The table below shows data for the production of Oranges for an individual firm.
| Number of workers | Number of Oranges |
|---|---|
| 0 | 0 |
| 10 | 40 |
| 20 | 72 |
| 30 | 96 |
| 40 | 112 |
| 50 | 120 |
Given this data, what is marginal product when quantity increases from 10 by ten units?
3.2
Marginal product is the additional output of one more worker. Mathematically, Marginal Product is the change in total product divided by the change in labor: MP= ΔTP/ΔL.
Box 1: Enter your answer as a number (like 5, -3, 2.2172) or as a calculation (like 5/3, 2^3, 5+4)
Enter DNE for Does Not Exist, oo for Infinity
Box 2: Enter your answer as a number (like 5, -3, 2.2172) or as a calculation (like 5/3, 2^3, 5+4)
Enter DNE for Does Not Exist, oo for Infinity