Output(units per day)191715541472111I1F1I11II1I11111TIIIILII11111F211IT134Labor Input(workers per day)5TotaloutputThe marginal product of the sixth unit of labor in the figure above is:A. 4.0B. -4.0C. 15.0D. 2.5E. NONE OF THE ABOVE

It can be defined as the method to calculate the efficiency of producing any output with a given…

Answered: 19 17 15 54 14 7 I 1 1 II II Total…

Business

Economics

19 17 15 54 14 7 I 1 1 II II Total output

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Output
(units per day)
19
17
15
54
14
7
2
1
1
1
I
1
F
1
I
1
1
I
I
1
I
1
1
1
1
1
T
II
II
LI
I
1
1
1
1
1
F
2
1
1
I
T
1
3
4
Labor Input
(workers per day)
5
Total
output
The marginal product of the sixth unit of labor in the figure above is:
A. 4.0
B. -4.0
C. 15.0
D. 2.5
E. NONE OF THE ABOVE

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