Answer to Question #273866 in Economics for Another you

Question

Create a table of Production Schedule for Output X with Variable Labor Input using the Marginal Product Form.

Answer 1

A schedule describes which activities must be performed in what time frame and how the factory's resources should be utilised to satisfy a production plan. In short, it details how factories use their machines to produce products, within a time frame.

The formula for marginal product is that it equals the change in the total number of units produced divided by the change in a single variable input.