Question: Variable Input Quantity of MPP MC (Labor) Output 0 0 1 22 ? 1.11 2 42 ? 1.05 3 60 ? 1.00 4 80 ?

Variable Input Quantity of MPP MC (Labor) Output

Variable Input Quantity of MPP MC (Labor) Output 0 0 1 22 ? 1.11 2 42 ? 1.05 3 60 ? 1.00 4 80 ? 1.05 5 102 ? 1.11 6 120 ? 1.17 7 137 ? 1.25 8 153 ? 1.27 9 166 ? 1.30 176 ? 1.35 When per labor cost is tk. 115 and price per product is tk. 10. i. Calculate MPP for all the variable input. ii. Would you like to hire a 5th worker? Would you like to hire the 6th worker when MPP will fall? Would you like to hire the 8th worker when MPP will fall? Draw and explain the relationship between MPP and MC. 10 iii. iv. [2] 121 [2] [2] [2] V

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