Part 1The following data show the total output for a firm when specified amounts of labour are combined with a fixed amount of capital. Assume that the wage per unit of labour is $3030 and the cost of the capital is $9090.[table]
Labour per unit of time | Total Output 0 | 0
1 | 25 2 | 75 3 | 133133 4 | 208208 5 | 263263
[/table]The marginal product of labour is at its maximum when the firm changes the amount of labour hired from Part 1
A. 0 to 1 unit. B. 2 to 3 units. C. 1 to 2 units. D. 3 to 4 units. E. 4 to 5 units.

Question

Part 1The following data show the total output for a firm when specified amounts of labour are combined with a fixed amount of capital. Assume that the wage per unit of labour is ​$3030 and the cost of the capital is ​$9090.[table]
Labour per unit of time | Total Output 0 | 0
1 | 25 2 | 75 3 | 133133 4 | 208208 5 | 263263
[/table]The marginal product of labour is at its maximum when the firm changes the amount of labour hired from Part 1
A. 0 to 1 unit. B. 2 to 3 units. C. 1 to 2 units. D. 3 to 4 units. E. 4 to 5 units.

BlackTom AI · Accepted Answer

To approach this question, I’ll lay out the data and then compute the successive increases in output as more labour is added.
First, note the total outputs corresponding to each level of labour: 0 labour → 0 output, 1 labour → 25, 2 labour → 75, 3 labour → 133, 4 labour → 208, 5 labour → 263. This is interpreted from the table given in the prompt.
Now, calculate the marginal product of labour (MPL), which is the additional output obtained by hiring one more unit of labour:
- MPL(0→1) = 25 − 0 = 25
- MPL(1→2) = 75 − 25 = 50
- MPL(2→3) = 133 − 75 = 58
- MPL(3→4) = 208 − 133 = 75
- MPL(4→5) = 263 − 208 = 55

Reviewing these MPL values, the largest increment occurs in the step from 3 to 4 units of labour, where output rises by 75 units.
Option A (0 to 1 units) would yield an MPL of 25, which is not the maximum; it’s a relatively small gain.
Option B (2 to 3 units) has MPL = 58, still lower than the peak observed at 3→4.
Option C (1 to 2 units) gives MPL = 50, again not the maximum.
Option D (3 to 4 units) gives MPL = 75, which is the highest among all increments considered here.
Option E (4 to 5 units) yields MPL = 55, which is lower than the peak from 3 to 4.
The core idea is that the marginal product of labour is the focus: you look for the interval with the largest increase in output when adding one more unit of labour, which occurs between 3 and 4 units of labour in this data set.
Thus, the correct interval where MPL is at its maximum is the change from 3 to 4 units of labour.

类似问题

For a firm hiring labor in a perfectly competitive labor market, the marginal revenue product curve slopes downward after some point because as more of a factor is employed, which of the following declines?

Assume that a firm hires an additional employee. If the marginal product for that employee is greater than for the previous employee hired, it must be that

The marginal physical product of the second worker is

Table 13-1 Labor (Number of Workers) Output (Units) Marginal Product (Units) 0 0 – 1 30 2 45 3 60 4 50 5 40 Refer to Table 13-1. What is total output when 1 worker is hired?

Locotek produces toy trains and pays each worker $350 per week. Five workers can produce 40 trains per week and six workers can produce 45 trains per week. The marginal product per week of the sixth worker is

Question at position 2 Locotek produces toy trains and pays each worker $350 per week. Five workers can produce 40 trains per week and six workers can produce 45 trains per week. The marginal product per week of the sixth worker is $350$705 trains42.5 trains7.5 trains

5. Given the data below on labor and output in the short run: L Q 1 10 2 18 3 24 The marginal product of the second worker is:

更多留学生实用工具

智能学习助手

风格化写作助手

论文查重助手

文献引用助手

课堂转译助手

课堂笔记助手

Quiz搜索助手

学校历年真题

智能刷题助手

智能匹配练习

希望你的学习变得更简单