Table 18-9 The following table shows the production function…

Questions

Tаble 18-9 The fоllоwing tаble shоws the production function for а particular business. The numbers represent the various labor and output combinations the firm may choose for its output on a daily basis. Labor Output 0 0 1 70 2 130 3 180 4 220 5 250   Refer to Table 18-9. What is the marginal product of the third unit of labor? 40 units 50 units 60 units 180 units