Section 10 – Module 54 – Total Product & Marginal Product Mr. Weiss Section 10 – Module 54 – Total Product & Marginal Product Assume that the following table lists the total output of the Julienne Factory: Quantity of Labor Total Output Marginal Output 1 100 2 350 3 550 4 650 5 700 6 7 8 1. Fill in the blanks in the table (Marginal Output).

Section 10 – Module 54 – Total Product & Marginal Product Mr. Weiss Section 10 – Module 54 – Total Product & Marginal Product Quantity of Labor Total Output Marginal Output 1 100 2 350 3 550 4 650 5 700 6 7 8 2. Draw a graph and plot the total product of the labor curve. 3. Draw a graph and plot the marginal physical product of labor curve.

Section 10 – Module 54 – Total Product & Marginal Product Mr. Weiss Section 10 – Module 54 – Total Product & Marginal Product Quantity of Labor Total Output Marginal Output 1 100 2 350 3 550 4 650 5 700 6 7 8 4. At what point do diminishing marginal returns set in? 5. How were you able to determine where diminishing marginal returns set in?

Section 10 – Module 54 – Total Product & Marginal Product Mr. Weiss Section 10 – Module 54 – Total Product & Marginal Product

Section 10 – Module 54 – Total Product & Marginal Product Mr. Weiss Section 10 – Module 54 – Total Product & Marginal Product

Section 10 – Module 54 – Total Product & Marginal Product Mr. Weiss Section 10 – Module 54 – Total Product & Marginal Product