H m Avg.Product MarginalProduct 100 1 150 2 180 3 200 4 200 5 180 6 Suppose
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H | m | Avg.Product | MarginalProduct | |
100 | 1 | |||
150 | 2 | |||
180 | 3 | |||
200 | 4 | |||
200 | 5 | |||
180 | 6 |
Suppose I have a production function for health (H) that depends on one input, medical care (m), so H = g(m). The relationship between medical care and health is in the following table. Fill in the table by calculating the average product and the marginal product.
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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