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Complete the Following Table - Economics

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Complete the following table:

Units of Labour Average Product (Units) Marginal Product (Units)
1 8 .............
2 10 ............
3 ............ 10
4 9 ...........
5 ............. 4
6 7 ............
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Solution

Units of Labour Average Product (Units)

Marginal Product (Units)

(TPn - TPn-1)

Total Product (units)

(AP x L)

(TPn-1 + MPn)

1 8 - 8
2 10 12 (20 - 8) 20 (10 x 2)
3 10 (30 ÷ 3) 10 30 (10 + 20)
4 9 6 (36 - 30) 36 (9 x 4)
5 8 (40 ÷ 5) 4 40 (36 + 4)
6 7 2 (42 - 40) 42 (7 x 6)
Concept: Relation Between Total, Average and Marginal Product
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