The following table gives the average product schedule of labour. Find the total product and marginal product schedules. It is given that the total product is zero at zero level of labour employment. L AP L 1 2 2 3 3 4 4 4.25 5 4 6 3.5

Question

Philoid · Accepted Answer

L	AP_L	TP	MP
1	2	2	2
2	3	6	4
3	4	12	6
4	4.25	17	5
5	4	20	3
6	3.5	21	1

Given – Total product of labour is zero at zero level of employment

This means that labour is variable factor.

MP – Marginal Product = TP_N+1 - TP_N

TP – Total Product = AP X L

The following table gives the average product schedule of labour. Find the total product and marginal product schedules. It is given that the total product is zero at zero level of labour employment.LAPL12233444.255463.5

The following table gives the average product schedule of labour. Find the total product and marginal product schedules. It is given that the total product is zero at zero level of labour employment.

L

AP_L

1

2

2

3

3

4

4

4.25

5

4

6

3.5