Solved

The Table Below Gives Data on Output for a Firm

Question 130

Essay

The table below gives data on output for a firm in the short run.The firm is able to hire labor and its TPP is given.Compute the APP, MPP, and MRP for labor if the price of the good is fixed at $12 per unit.
 LABOR  TPP  APP  MPP  MRP 1429315421526630733835936\begin{array} { c c } \underline {\text { LABOR }} & \underline {\text { TPP }}& \underline {\text { APP }}& \underline { \text { MPP } }& \underline { \text { MRP } } \\1 & 4& \underline {\quad\quad\quad}& \underline {\quad\quad\quad}& \underline {\quad\quad\quad} \\2 & 9& \underline {\quad\quad\quad}& \underline {\quad\quad\quad}& \underline {\quad\quad\quad} \\3 & 15& \underline {\quad\quad\quad}& \underline {\quad\quad\quad}& \underline {\quad\quad\quad} \\4 & 21& \underline {\quad\quad\quad}& \underline {\quad\quad\quad}& \underline {\quad\quad\quad} \\5 & 26& \underline {\quad\quad\quad}& \underline {\quad\quad\quad}& \underline {\quad\quad\quad} \\6 & 30& \underline {\quad\quad\quad}& \underline {\quad\quad\quad}& \underline {\quad\quad\quad} \\7 & 33& \underline {\quad\quad\quad}& \underline {\quad\quad\quad}& \underline {\quad\quad\quad} \\8 & 35& \underline {\quad\quad\quad}& \underline {\quad\quad\quad}& \underline {\quad\quad\quad} \\9 & 36& \underline {\quad\quad\quad}& \underline {\quad\quad\quad}& \underline {\quad\quad\quad} \\\end{array}

Correct Answer:

verifed

Verified

None...

View Answer

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions