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

Number of workersNumber of Oranges
00
1100
2180
3240
4280
5300

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

 

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

Number of workersNumber of Bags
00
10130
20234
30312
40364
50390

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

 

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 $4.

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


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