Question

QUESTION 34

1. Amount of Variable Input	Amount of Output	Average product	Marginal product
   0	0
   1	5
   2	25
   3	55
   4	75	A
   5	100	B
   6	118	C
   7	135	D	F
   8	152	E	G
   9	167		H
   10	170		I
   11	169		J

   What is A+B+C+D+E ? (Rounding to one decimal place)

4 points   

QUESTION 35

1. What is F+G+H+I+J? (Use  table in question 34)

   QUESTION 36

2. Find maximum efficiency output level

   (use table in question 34)

3. QUESTION 37

4. Identify Profit Maximizing Production Area

   from output level  to between  and

Answer 1

Amount of Variable Input	Amount of Output	Average product	Marginal product
0	0
1	5	5.00	5.00
2	25	12.50	20.00
3	55	18.33	30.00
4	75	18.75	20.00
5	100	20.00	25.00
6	118	19.67	18.00
7	135	19.29	17.00
8	152	19.00	17.00
9	167	18.56	15.00
10	170	17.00	3.00
11	169	15.36	-1.00

Q1. A+B+C+D+E=18.75+20+19.67+19.29+19=96.71

Q2.F+G+H+I+J =17+17+15+3-1=51

Q3. Output = 100
It is at the level where AP and MP reach the maximum

Q4. Profit gets maximised from 1 to 100 and then it starts to decrease