The total output of a manufacturing plant changes from 100 units to 300 units when labor input changes from 10 to 20 units. Correspondingly, total variable cost rises from OR 2000 to OR 2400, while fixed cost associated with the existing plant is OR 400.

The marginal product of a unit of labor is:

A. 10 units
B. 0.2 units
C. 40 units
D. 20 units

Answer rating: 100% (QA)

Explanation Output Thanges from 100 unit... View the full answer