Question
subject agricultural economy Table 1 Land (acre) Labor Total Product (kg) 1 0 0 1 1 600 1 2 1400 1 3 2100 1 4
subject agricultural economy
Table 1
Land (acre) Labor Total Product
(kg)
1 0 0
1 1 600
1 2 1400
1 3 2100
1 4 2600
1 5 3000
1 6 3000
1 7 2800
1 8 2400
Table 1 shows different levels of input and output for durian production.
1) Identify the fixed and variable inputs used in the durian production. (2 marks)
2) What is total product when average product equal to marginal product? (2 mark)
3) What is total product when law of diminishing returns begins to start? (2 mark)
4) What is the marginal product of the fourth unit of labor? (2 marks)
5) What is the marginal product of the seventh unit of labor? (2 marks)
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