Number of Workers Employed Output (Units) Marginal Product (Units) Value of Marginal Product ($) (Market Price =1$) Value of Marginal Product ($) (Market Price =2$) 0 0       1 8       2 22       3 36       4 56       5 60       6 72       7 82       8 89       Derive Marginal Product and Value of Marginal Product from the following table when market price for the product is 1$ and 2$ .

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
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Chapter1: Making Economics Decisions
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Number of
Workers
Employed
Output
(Units)
Marginal
Product
(Units)
Value of
Marginal
Product ($)
(Market Price
=1$)
Value of
Marginal
Product ($)
(Market Price
=2$)
0 0      
1 8      
2 22      
3 36      
4 56      
5 60      
6 72      
7 82      
8 89      

Derive Marginal Product and Value of Marginal Product from the following table when market price for the product is 1$ and 2$ .

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