The question is based on the following table, which provides information on the production of a product that requires one variable input. With the addition of the second unit of input, the marginal product is

Question

The question is based on the following table, which provides information on the production of a product that requires one variable input.  With the addition of the second unit of input, the marginal product is

Quizplus · Accepted Answer

From the table, we can see that adding a second unit of input increases the total product from 20 to 35, which gives a marginal product of 15 (35-20). The average product is calculated by dividing the total product by the number of units of input, which gives an average product of 10 (35/3.5). Therefore, the correct answer is C) 15 and the average product is 10.

The Question Is Based on the Following Table, Which Provides