I. TOPIC: THE PRODUCTION THEORY III. Directions: Below is the production schedule for Output X with variable labor input. Compute the marginal product and average product in each labor input. Quantity of Labor Input Production Schedule for Output X with Variable Labor Input Average Product Total Product Marginal Product 10 22 37 4 55 5 69 6. 77 80 8. 81 9. 81 10 80

I. TOPIC: THE PRODUCTION THEORY III. Directions: Below is the production schedule for Output X with variable labor input. Compute the marginal product and average product in each labor input. Quantity of Labor Input Production Schedule for Output X with Variable Labor Input Average Product Total Product Marginal Product 10 22 37 4 55 5 69 6. 77 80 8. 81 9. 81 10 80

ECON MICRO

5th Edition

ISBN:9781337000536

Author:William A. McEachern

Publisher:William A. McEachern

Chapter7: Production And Cost In The Firm

Section: Chapter Questions

Problem 3.7P

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