Warner leases a farmer\'s field and grows pumpkins. He hires students to pick an

Question

Warner leases a farmer's field and grows pumpkins. He hires students to pick and pack the pumpkins The table sets out Warner's total product schedule. What is the marginal product of the frst student and the average product of Labor (students) Total product (pumpkins per day) 80 180 300 400 480 540 580 1 student? The marginal product of the first student is pumpkins a day The average product of 1 student is pumpkins a day. >Answer to 1 decimal place Enter your answer in each of the answer boxes erday javascriptdoExercise(42) EW THIS ANSWER View a sample solution Step 2 of 4

Explanation / Answer

Marginal product of the first student is equal to the total product of the 1 student - total product of no students.

Marginal product (MP) of the first student = 80 - 0 = 80 pumpkins a day.

Average product of 1 student is the equal to total product divided by the number of students .

Average product of 1 student = 80/1 = 80 pumpkins a day.

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