Answered

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Mark produced 9 cans of sauce with 3 pounds of tomatoes. When he increased to 5 pounds, he produced 13 cans. What is the marginal product?

Sagot :

Answer:

Marginal Product is 2

Explanation:

Marginal Product (MP)  is defined as the ration of change in quantity of output produced to the change in quantity of input raw material

Change in quantity of input raw material [tex]= 5 -3 = 2[/tex]

Change in quantity of output of products = 13 - 9 = 4

Marginal Product (MP) [tex]= \frac{4}{2} = 2[/tex]

Marginal Product is 2

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