I. TOPIC: THE PRODUCTION THEORY III. Directions: Below is the production schedule for Output X with variable labor input. Compute the marginal product and average product in each labor input. Quantity of Labor Input Production Schedule for Output X with Variable Labor Input Average Product Total Product Marginal Product 10 22 37 4 55 5 69 6. 77 80 8. 81 9. 81 10 80

I. TOPIC: THE PRODUCTION THEORY III. Directions: Below is the production schedule for Output X with variable labor input. Compute the marginal product and average product in each labor input. Quantity of Labor Input Production Schedule for Output X with Variable Labor Input Average Product Total Product Marginal Product 10 22 37 4 55 5 69 6. 77 80 8. 81 9. 81 10 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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Subpart 4
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