SELECT * FROM question_mgmt as q WHERE id=10270 AND status=1 SELECT id,question_no,question,chapter FROM question_mgmt as q WHERE courseId=3 AND subId=60 AND chapterId=610 and ex_no='1' AND status=1 ORDER BY CAST(question_no AS UNSIGNED)

Question:

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. 

Answer:

 

L

APL

AP=ΔTPΔLAP=ΔTPΔL

MP=TPn−TPn−1MP=TPn−TPn−1

1

2

2×1=2

2

2

3

3×2=6

6-2=4

3

4

4×3=12

12-6=6

4

4.25

4.25 × 4 = 17

17 - 12 = 5

5

4

4×5=20

20-17=3

6

3.5

3.5×6=21

21-20=1

 


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