Bottom of Form XYZ restaurant sells donuts at $2 per unit. It uses 5 units of capital and employs labor in the short run to increase production. Complete the following table and use that information to answer the following questions. K L Q MPL VML 5 0 0 0   5 1 50 50 100 ----- 2 125   ------- 5 3 225 100   What is the Marginal Product of Labor for the 2nd worker? Explain What is the VMPL for the 2nd worker?

Exploring Economics
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ISBN:9781544336329
Author:Robert L. Sexton
Publisher:Robert L. Sexton
Chapter11: The Firm: Production And Costs
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XYZ restaurant sells donuts at $2 per unit. It uses 5 units of capital and employs labor in the short run to increase production. Complete the following table and use that information to answer the following questions.

K

L

Q

MPL

VML

5

0

0

0

 

5

1

50

50

100

-----

2

125

 

-------

5

3

225

100

 

  1. What is the Marginal Product of Labor for the 2nd worker?

Explain

  1. What is the VMPL for the 2nd worker?

Explain.

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