CAPE Economics Unit 1 · 2010 · Paper 2 · Question 5(a)(ii)

SECTION III Answer ONE question from this section. Draw all diagrams neatly and carefully and clearly label all axes and curves. A table provides units of labour and total product.

Calculate for EACH unit of labour the value of the marginal product if the price of the product is $1.50.

This question uses a figure or table from the paper — you'll see it when you practise.