Question: Use the table below to answer the question that follows: Labour (L) Capital (K) Total product (TP) 0 5 00 1 5 15 2 5
Use the table below to answer the question that follows: Labour (L) Capital (K) Total product (TP) 0 5 00 1 5 15 2 5 35 3 5 55 4 5 65 When quantity of labour increases from 3 to 4, the marginal product of labour equals: a. 30 b. 20 c. 55 d. 10 e. 65
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