Question

Short run production function is given. Each output unit is produced is sold at $4.

Labor	Output	Marginal Product	Marginal Rev Product	Total Revenue
0	0	0	0	0
1	80
2	140
3	185
4	220
5	250
6	260

Answer 1

Answer

Labor	Output	Marginal Product	Marginal Rev Product	Total Revenue
0	0	0	0	0
1	80	80	320	80
2	140	60	240	280
3	185	45	180	555
4	220	35	140	880
5	250	30	120	1250
6	260	10	40	1560

TR=P*Q

MR of n th unit=(TR of n units -TR of p units)/(n-p)...................n>p

the marginal product of n labor=(total product of n labor - the total product of p labor)/(n-p)............(n>p)