-Refer to the above table. What does the marginal physical product equal when the amount of labor goes from 12 to 13 units?

Name: -Refer to the above table. What does the marginal physical product equal when the amount of labor goes from 12 to 13 units?
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Question

Quizplus · Accepted Answer

The marginal physical product is the change in output divided by the change in input. In this case, the change in output is 76 - 69 = 7, and the change in input is 13 - 12 = 1. Therefore, the marginal physical product is 7 / 1 = 7.

-Refer to the Above Table