The following table gives the total product schedule of labour. Find the corresponding average product and marginal product schedules of labour. L TP L 0 0 1 15 2 35 3 50 4 40 5 48

Question

Philoid · Accepted Answer

L	TP_L	AP	MP
0	0	0	0
1	15	15	15
2	35	17.5	20
3	50	16.67	15
4	40	10	10
5	48	9.60	8

MP – Marginal Product = TP_N+1 - TP_N

AP – Average Product = TP / L

L	TP_L
0	0
1	15
2	35
3	50
4	40
5	48

The following table gives the total product schedule of labour. Find the corresponding average product and marginal product schedules of labour.LTPL00115235350440548

The following table gives the total product schedule of labour. Find the corresponding average product and marginal product schedules of labour.

L

TP_L

0

0

1

15

2

35

3

50

4

40

5

48