Question

consider sumit productio data given in the table 1 use table 1 to answer questions 24-27

q.24 Suppose sumit has to pay his workers Rs 20 per hour and further suppose there are no other production costs at all. What is the margingal Product of 5th worker?
Please give full solution​

Answer 1

Step-by-step explanation:

1-1

2=4

3=9

4=12

5=25

6=36

7=49

8=64

9=81

10=100

11=121

12=144

Answer 2

Answer:

mp= total output of unit - total output of previous

mp for 5 th unit = 47 - 40 = 7