SELECT * FROM question_mgmt as q WHERE id=10271 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 marginal product schedule of labour. It is also given that the total product of labour is zero at zero level of employment. Calculate the total and average product schedules of labour.

Answer:

 

Q 

(units) 

TC 

(Rs 

) 

TFC = TC - TVC 

10 = 10 - 0 (Rs) 

TVC = TC - TFC 

(Rs) 

(Rs) 

(Rs) 

SAC = AFC + A VC 

(Rs) 

SMC = 

TCn - TCn - 1 

(Rs) 

0 

10 

10 

10 - 10 = 0 

- 

- 

- 

- 

1 

30 

10 

30 - 10 = 20 

20 + 10 = 30 

30 - 10 = 2 

0 

2 

45 

10 

45 - 10 = 35 

17.5 + 5 = 22.5 

45 - 30 = 1 

5 

3 

55 

10 

55 - 10 = 45 

15 + 3.33 = 

18.33 

55 - 45 = 1 

0 

4 

70 

10 

70 - 10 = 60 

15 + 2.5 = 17.5 

70 - 55 = 1 

5 

5 

90 

10 

90 - 10 = 80 

16 + 2 = 18 

90 - 70 = 2 

0 

6 

120 

10 

120 - 10 = 11 

0 

18.33 + 1.66 = 1 

9.99 

120 - 90 = 

30 

 


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