# Complete the Following Table: - Economics

Complete the following table:

 Units of Labour Average Product (Units) Marginal Product (Units) 1 16 ……. 2 20 …….. 3 ……. 20 4 18 …….. 5 …… 8 6 14 ……..

#### Solution

 Units of Labour Average Product AP=(TP)/L Marginal Product (Units) MP_n=TP_n-TP_(n-1) Total Product TP = APxxL  or,TP_n=TP_(n-1)+MP_n 1 16 - 16 (1 × 16) 2 20 24 (40 − 16) 40 (2 × 20) 3 20 (60 ÷ 3) 20 60 (40 + 20) 4 18 12 (72 − 60) 72 (4 × 18) 5 16 (80 ÷5) 8 80 (72 + 8) 6 14 4 (84 − 80) 84 (6 × 14)
Concept: Relation Between Total, Average and Marginal Product
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