The following table gives the total product schedule of labour. Find t – InterviewSolution

1.

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

Answer»

L	TP_L	AP = TP/L	MP = TP_n -TP_{n - 1}
0	0	0	-
1	15	15	15
2	35	17.5	20
3	50	16.67	15
4	40	10	-10
5	48	9.6	-8

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