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MMLU-Pro / 7458 / Using the data provided in the accompanying table, compute the marginal and…

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question

Using the data provided in the accompanying table, compute the marginal and average physical productivities. What is the "optimum" population (level of population with highest per capita income) for this economy? Population (Thousands) Total Physical Product (Thousand Tons) Marginal Physical Product (Thousand Tons) Average Physical (Tons) 1 10 - - 2 22 - - 3 36 - - 4 52 - - 5 70 - - 6 90 - - 7 108 - - 8 124 - - 9 135 - -

category

economics

options

  1. 7 thousand people
  2. 9 thousand people
  3. 6 thousand people
  4. 8 thousand people

src

stemez-Economics

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