Fill in the gaps in the table below Enter your responses rou

Fill in the gaps in the table below. (Enter your responses rounded to two decimal places.) Quantity of Variable Input Total Output Marginal Product of Variable Input Average Product of Variable Input 225 225 225 287.5 291.67 300 1,115 225 11.25 1,328.75 221.46

Solution

Quantity of variable inputs Total output Marginal product of variable input average product of variable input 0 0 --- --- 1 225 225 225 2 575 350 287.5 3 875 300 291.67 4 1115 240 278.75 5 1340 225 268 6 1328.75 -11.25 221.46