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

Number of workersNumber of Oranges
00
1140
2252
3336
4392
5420

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 Textbooks for an individual firm.

Number of workersNumber of Textbooks
00
1040
2072
3096
40112
50120

Given this data, what is marginal product of labor when quantity increases from 40 by ten units?

 

The table below shows data for the production of Textbooks for an individual firm operating in a perfectly competitive market. Suppose that the price of Textbooks is $4.

Given this data, complete the table:

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


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