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1. The table below shows data for the production of Avocados for an individual firm. Number of workers Number of Avocados 70 126 168 196

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1. The table below shows data for the production of Avocados for an individual firm. Number of workers Number of Avocados 70 126 168 196 210 Given this data, what is the marginal product of labor when quantity increases from 1 by one unit? 2. The table below shows data for the production of Avocados for an individual firm operating in a perfectly competitive market. Suppose that the price of Avocados is $3. Number of workers Number of Avocados 0 0 10 150 20 270 30 360 40 420 50 450 Given this data, complete the table: Value of the Marginal Quantity of Marginal Product of Labor Product of Labor avocados (MPL) (VMPL) 0 10 20 30 40 50

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