1 answer

24 Complete the table below to provide the information requested below: Labor TP MP 27 0...

Question:

24 Complete the table below to provide the information requested below: Labor TP MP 27 0 -- 30 40 33 2 64 3 82 36 4 32 3 39 5
5 26 6 78 (5 points each): Marginal product of the 3rd worker= Total product of the 4th worker=
24 Complete the table below to provide the information requested below: Labor TP MP 27 0 -- 30 40 33 2 64 3 82 36 4 32 3 39 5 26 6 78 (5 points each): Marginal product of the 3rd worker Total product of the 4th worker-
5 26 6 78 (5 points each): Marginal product of the 3rd worker= Total product of the 4th worker=

Answers

Answer- Complete table is given below:

Labor TP MP
0 - -
1 40 40
2 64 24
3 82 18
4 114 32
5 140 26
6 78 -62

Marginal Product of 3rd worker = 18

Total Product of 4th worker = 114

.

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