The Ty leases a farmer\'s field and grows pineapples. he hires students to pick
ID: 1188226 • Letter: T
Question
The Ty leases a farmer's field and grows pineapples. he hires students to pick and pack the pineapples. the table sets out Ty's product schedule.
LABOR TOTAL PRODUCT
0 0
1 80
2 180
3 300
4 400
5 480
6 540
7 580
what is the marginal prduct of the fifth student and the average product of 5 students?
The marginal product of the fifth student is ......,,,,,,,,, pineapples a day??
the average product of the 5 students is ...............pineapples a day????????
Explanation / Answer
marginal product of fifth = (480-400)/1 = 80
average product of fifth = (total product till labor = 5) / 5= 480/5 = 96
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