Calculating total output, The following is a hypothetical

Calculating total output

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Reference no: EM1371950

The following is a hypothetical short-run production function:

Hours of labor Total output Marginal product

0 ? ?
1 100 100
2 ? 80
3 240 ?

What is the total output when 2 hours of labor are employed?
What is the average product of the first three hours of labor?
What is the marginal product of the third hour of labor?

Reference no: EM1371950

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