A farm is able to produce 9,000 pints of strawberries per season on 10 acres. It adds one more acre and is able to produce 12,000 pints per season. The marginal product of land for this farm is:

Question

Quizplus · Accepted Answer

To calculate the marginal product of land, we need to determine the additional output that is gained from adding one more acre of land. In this case, the farm is able to produce an additional 3,000 pints of strawberries by adding one more acre of land. Therefore, the marginal product of land for this farm is 3,000 pints per acre per year.

A Farm Is Able to Produce 9,000 Pints of Strawberries