The market for drones is perfectly competitive. Labor is the only variable input. The fixed cost is $500. Based on the information in the table below, what is the Marginal Product of Labour when Q=300? Enter a number only, drop the $ sign. Wage rate =$100 per unit of Labour Quantity Quantity of of Labour Output 8 44 15 213 21 300 43 433
The market for drones is perfectly competitive. Labor is the only variable input. The fixed cost is $500. Based on the information in the table below, what is the Marginal Product of Labour when Q=300? Enter a number only, drop the $ sign. Wage rate =$100 per unit of Labour Quantity Quantity of of Labour Output 8 44 15 213 21 300 43 433
Microeconomics A Contemporary Intro
10th Edition
ISBN:9781285635101
Author:MCEACHERN
Publisher:MCEACHERN
Chapter7: Production And Cost In The Firm
Section: Chapter Questions
Problem 19PAE
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![The market for drones is perfectly competitive. Labor is the only variable input. The fixed cost is
$500.
Based on the information in the table below, what is the Marginal Product of Labour when Q=300?
Enter a number only, drop the $ sign.
Wage rate =$100 per unit of Labour
Quantity Quantity
of
of
Labour Output
8
44
15
213
21
300
43
433](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F87e79cbd-0d7d-4ab7-8fb9-eb958b0d9efe%2F86637d0c-3fbd-4112-9f4c-af0838d8cd01%2Fv3cqkya_processed.jpeg&w=3840&q=75)
Transcribed Image Text:The market for drones is perfectly competitive. Labor is the only variable input. The fixed cost is
$500.
Based on the information in the table below, what is the Marginal Product of Labour when Q=300?
Enter a number only, drop the $ sign.
Wage rate =$100 per unit of Labour
Quantity Quantity
of
of
Labour Output
8
44
15
213
21
300
43
433
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