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Use the data in the table below to answer questions 1 through 10.Input Total product0 01 42 83 154 225 256 277 288 24What is the marginal product for 8 units of input?

Question

Use the data in the table below to answer questions 1 through 10.Input Total product0 01 42 83 154 225 256 277 288 24What is the marginal product for 8 units of input?

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Solution

The marginal product for 8 units of input can be calculated by subtracting the total product at 7 units of input from the total product at 8 units of input.

From the table, the total product at 7 units of input is 28 and the total product at 8 units of input is 24.

So, the marginal product for 8 units of input is 24 - 28 = -4.

This means that adding an 8th unit of input actually decreases the total product by 4 units.

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