Suppose the first four units of a variable input generate corresponding total output of 150,200,350,550. What will be the marginal product of third unit of input ?
A) 50
B) 100
C) 150
D) 200
The answer given in the paper is 200, but i think the answer is 150, please explain !!
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CA foundation economics marginal product and total product
Replies (4)
Quick Summary
For this, The marginal product formula
= increase in output/ change in input= (y1-y0)/(x1-x0) here, no input is given to find out what the real answer is.
Why do you need input to find out marginal product ?
Do you think there is logic here which I am unaware of? If you have the answer, please post it here. Txs
I think the answer is 150, leave it. let someone else answer it, I'm not satisfied with your answer, sorry !
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