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Supply Curve

Suppose the f...

Question

Suppose the first four units of a variable input generate corresponding total outputs of $200, 350, 450, 500$ . The marginal product of the third unit of input is ______.

A

50

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B

100

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C

150

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D

200

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Solution

The correct option is B $100$
Marginal Product (MP) = $450 - 350 = 100$

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