Question

Menu Fill in the gaps in the table below. (Enter your responses rounded to two decimal places.) ments Quantity of Variable Input 0 Total Output Marginal Product of Variable Input Average Product of Variable Input meworl Quia 250 250 250 325 333.33 19 1,290 O 256.5 N

Answer 1

Solution quantity of - total output total output Mary na Marginal product O Vauable input Average Product Of Variable input input 250 400 350 250 325 333.33 250 650 1000 1290 1560 1533 290 270 322.5 312 2 55.5 - 27 Marginal product on an input is the change in total Output when an additional Unit of that input us used. MP ba iz Do Change in oulput OL. Change in input exl: Here. Marginal product of and input is : MPi land input) = 0o = 650-250 - 400 8. Di IT Average product of an input is the total output per unit of input used. . Ali = a ex oduct Average product of Api 14ti unit) = a @ unit of input is. = 1290 = 322.5 scanned with Samsearter