Activity 2: My Production! Directions: Below is the production schedule for Output X with variable labor input. Compute the marginal product and average product in each labor input. Production Schedule for Output X with Variable Labor Input Quantity of Labor Total Marginal Average Input Product Product Product 1 10 10 2 22 44 11 3 37 12-33 4 55 13.75 5 69 13-8 6 77 12-83 7 80 11-43 8 81 10-12 9 81 10 9 8 80

Activity 2: My Production! Directions: Below is the production schedule for Output X with variable labor input. Compute the marginal product and average product in each labor input. Production Schedule for Output X with Variable Labor Input Quantity of Labor Total Marginal Average Input Product Product Product 1 10 10 2 22 44 11 3 37 12-33 4 55 13.75 5 69 13-8 6 77 12-83 7 80 11-43 8 81 10-12 9 81 10 9 8 80

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Activity 2: My Production!
Directions: Below is the production schedule for Output X with variable labor input. Compute the
marginal product and average product in each labor input.
Production Schedule for Output X with Variable Labor Input
Quantity of Labor
Total
Marginal
Average
Input
Product
Product
Product
1
10
10
2
22
44
3
37
12-33
4
55
13.75
5
69
13-8
77
12-83
80
11-43
81
10-12
81
9
8
80
6
7
8
9
10
SOCIOECONOMIC FACTORS AFFEC

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