Question

The table below shows the production function for producing snack cakes. Given this information, what is the marginal product of the 5th worker?

# of Workers	Cases of Snack Cakes (#/day)
0	0
1	5
2	15
3	27
4	37
5	45
6	52
7	58
8	63
9	67
10	70
11	71
12	71

45 cases

9 cases

8 cases

5 cases

Question 23

The table below shows the production function for producing snack cakes. Given this information, what is output per worker if the firm hires 3 workers?

# of Workers	Cases of Snack Cakes (#/day)
0	0
1	5
2	15
3	27
4	37
5	45
6	52
7	58
8	63
9	67
10	70
11	71
12	71

_______________

Question 24

The table below shows the production function for producing snack cakes. Given this information, what is the marginal product of the 12th worker?

# of Workers	Cases of Snack Cakes (#/day)
0	0
1	5
2	15
3	27
4	37
5	45
6	52
7	58
8	63
9	67
10	70
11	71
12	71

______________________

Answer 1

The marginal product of the 5th worker= TP of 5 workers - TP of 4 workers.

=45-37

=8 cases

Hence option third is the correct answer.

Question 23

The table below shows the production function for producing snack cakes.

The output per worker if the firm hires 3 worker= TP of 3 workers /number of labor

=27/3

=9 cases per workers.

Question 24

The table below shows the production function for producing snack cakes.

The marginal product of the 12th worker= TP of 12 workers - TP of 11 workers.

=71-71

=0 Cases of Snack Cakes