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

Number of workersNumber of Jackets
00
190
2162
3216
4252
5270

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

 

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

Number of workersNumber of Apples
00
10130
20234
30312
40364
50390

Given this data, what is marginal product of labor when quantity increases from 20 by ten units?

 

The table below shows data for the production of Apples for an individual firm operating in a perfectly competitive market. Suppose that the price of Apples is $10.

Given this data, complete the table:

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