Solve the followingproblems, Chapter 6 (9zokbss, Levitt and,a

Economics Mar 19, 2021

Solve the followingproblems, Chapter 6 (9zokbss, Levitt and,a.....rsontextbook)
1. Complete the table below:
Labor Input Total Product Marginal Product Average Product 0 0 — — 1 70 2 135 3 63 4 51 5 57 6 324

Expert Solution

Labor Input	Total Product	Marginal Product	Average Product
0	0	-	-
1	70	70	70
2	135	65	67.5
3	189	54	63
4	240	51	60
5	285	45	57
6	324	39	54

Labor Input	Total Product	Marginal Product	Average Product
0	0	-	-
1	=0+70	70	=70/1
2	135	=135-70	=135/2
3	=63*3	=189-135	63
4	=189+51	51	=240/4
5	=57*5	=285-240	57
6	324	=324-285	=324/6

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