Question

The question is based on the following table, which provides information on the production of a product that requires one variable input.

Input Total Product
0 0
1 5
2 20
3 32
4 42
5 50
6 55
7 58
8 58
9 56


With the addition of the seventh unit of input, the marginal product is

Answer 1

Answer: The marginal product is the change in total product that results from an additional unit of input. With the addition of the seventh unit of input, the marginal product can be calculated as follows:

Total product when 7 units of input is used: 58

Total product when 6 units of input is used: 55

Marginal product = Total product when 7 units of input is used - Total product when 6 units of input is used

Marginal product = 58 - 55 = 3

So with the addition of the seventh unit of input, the marginal product is 3 units.

Explanation: