00:01
A breakerey operating in short run has found that when the level of employment in its breaking room was increased from 4 to 10 in increments of 1, the corresponding levels of bread breakerey were given, would the labour output a marginal product of labour? what calculate the marginal product of labour? i'm filling the table and explain whether this production function exhibits diminishing marginal productivity of labour.
00:31
So we're given the labour and the output and we're to find the marginal product of labour.
00:42
So we're given labour as 4, 5, 6, 7, 8, 9 and 10 and output 110, 115, 122, 127, 130, 132, 133.
00:59
The marginal product of labour formula is the change in output over the change in labour.
01:09
Now to find this, the change in output over change in labour for the first one would be empty because there's no change.
01:17
But the second one, the change in output is 5 over 1.
01:20
So this is 5 because 115 minus 110 over 5 minus 4 is equal to 5...