Laptop Productions Inc. produces laptops. Given the table below, what is the marginal product when number of workers increases from 3 to 5 workers? Number of workers 1 Laptops per year 30 58 82 100 110 4 Select one: O A. 18 units. Ов. В. 10 units. 14 units. O D. 24 units

Economics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506725
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter25: The Supply Of And Demand For Productive Resources
Section: Chapter Questions
Problem 9CQ
icon
Related questions
Question
Laptop Productions Inc. produces laptops. Given the table
below, what is the marginal product when number of
workers increases from 3 to 5 workers?
Number of workers
1
Laptops per year
30
58
82
100
2
4
5
110
Select one:
А.
18 units.
В.
10 units.
С.
14 units.
D. 24 units
Transcribed Image Text:Laptop Productions Inc. produces laptops. Given the table below, what is the marginal product when number of workers increases from 3 to 5 workers? Number of workers 1 Laptops per year 30 58 82 100 2 4 5 110 Select one: А. 18 units. В. 10 units. С. 14 units. D. 24 units
Expert Solution
video

Learn your way

Includes step-by-step video

steps

Step by step

Solved in 2 steps with 1 images

Blurred answer
Knowledge Booster
Marginal Product
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Economics: Private and Public Choice (MindTap Cou…
Economics: Private and Public Choice (MindTap Cou…
Economics
ISBN:
9781305506725
Author:
James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:
Cengage Learning
Microeconomics: Private and Public Choice (MindTa…
Microeconomics: Private and Public Choice (MindTa…
Economics
ISBN:
9781305506893
Author:
James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:
Cengage Learning
Economics (MindTap Course List)
Economics (MindTap Course List)
Economics
ISBN:
9781337617383
Author:
Roger A. Arnold
Publisher:
Cengage Learning
Macroeconomics
Macroeconomics
Economics
ISBN:
9781337617390
Author:
Roger A. Arnold
Publisher:
Cengage Learning
Managerial Economics: A Problem Solving Approach
Managerial Economics: A Problem Solving Approach
Economics
ISBN:
9781337106665
Author:
Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:
Cengage Learning