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Suppose the small island nation of Hewes produces only apple cider, which is made with machines called cider presses. This table shows how the output
Suppose the small island nation of Hewes produces only apple cider, which is made with machines called cider presses. This table shows how the output of cider increases as the number of cider presses increases.
Number of presses | Total gallons produced per day | Marginal product |
0 | 4 | |
1 | 15 | |
2 | 23 | 8 |
3 | 29 | 6 |
4 | 4 |
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