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Suppose that the first four units of a variable input generate corresponding total outputs per period of 200, 350, 450, and 500, respectively. The marginal product of the second unit of input is:_______.
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Suppose that the first four units of a variable input generate corresponding total outputs per period of 200, 350, 450, and 500, respectively. The marginal product of the second unit of input is:_______.

User Knutwalker
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1 vote

Answer:

150

Step-by-step explanation:

The marginal product refers to the additional output generated by using one extra unit of input in the production process:

units of input total output marginal product

1 200 200 (= 200 - 0)

2 350 150 (= 350 - 200)

3 450 100 (= 450 - 350)

4 500 50 (= 500 - 450)

User Michael Siebert
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