CameraIcon
CameraIcon
SearchIcon
MyQuestionIcon


Question

If 1 unit of L gives 10 units of output and 2 units of L give 30 units of output, the Marginal Product of the second unit of L is .


Your Answer
A
\N
Your Answer
B
10
Correct Answer
C
20
Your Answer
D
30

Solution

The correct option is C 20
Marginal Product is the additional total output produced by employing one more unit of the variable factor. Thus, it is (30-10) = 20. 

flag
 Suggest corrections
thumbs-up
 
0 Upvotes


Similar questions
View More



footer-image