1
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Use table to answer question
Hours of
Labour Total output Marginal Product 0 0 0 1 300 300 2 - 240 3 720 -
What is the total output when 2 hours of labour are employed?
Use table to answer question
| Hours of Labour | Total output | Marginal Product |
| 0 | 0 | 0 |
| 1 | 300 | 300 |
| 2 | - | 240 |
| 3 | 720 | - |
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Solution
The correct option is C 540
Hours of
Labour Total output Marginal Product 0 0 0 1 300 300 2 540 240 3 720 180
Thus, the total output when 2 hours of labour are employed is :300+240=540.
| Hours of Labour | Total output | Marginal Product |
| 0 | 0 | 0 |
| 1 | 300 | 300 |
| 2 | 540 | 240 |
| 3 | 720 | 180 |
300+240=540.
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