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Input Level Input Quantity (lbs of feed/day) Output (lbs milk/day) Total Physical Product Marginal Physical Product Average Physical Product Total Revenue ($0.18/lb milk) Total Cost
Input Level Input Quantity (lbs of feed/day) Output (lbs milk/day) Total Physical Product Marginal Physical Product Average Physical Product Total Revenue ($0.18/lb milk) Total Cost ($0.17/lb) Profit MVP MIC MC MR 0 0 21 0 --------- --------- $3.78 $1.00 $2.78 ------ ------ ------- -- 1 6 40 19 19 19.00 $7.20 $2.02 $5.18 $0.57 $0.17 $0.05 $0.18 2 11 53 32 A 16.00 $9.54 $2.87 $6.67 $0.47 $0.17 $0.07 $0.18 3 16 65 44 12 14.67 $11.70 $3.72 $7.98 $0.43 $0.17 $B $0.18 4 21 73 52 8 13.00 $13.14 $4.57 $8.57 $C $0.17 $0.11 $0.18 5 26 77 56 4 11.20 $13.86 $5.42 $8.44 $0.14 $0.17 $0.21 $0.18 6 31 76 55 -1 9.17 $13.68 $6.27 $7.41 -$0.04 $0.17 -$0.85 $0.18 7 36 72 51 -4 7.29 $12.96 $7.12 $5.84 -$0.14 $0.17 -$0.21 $0.18 Question 38 (3 points) Saved What is the marginal physical product for input level 2 [blank A]? Your Answer: Question 38 options: Answer Question 39 (3 points) Saved What is the marginal cost for level 3 [blank B]? Round to two decimal places. What is the marginal value product for level 4 [blank C]? Round to two decimal places. Your
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