Question

Calculate average physical product and marginal physical product, given the following information about total physical product of a firm.

Employment of Variable Factor (Units)	Employment of Fixed Factor (Units)	Total Physical Product (Units)
$0$ $1$ $2$ $3$ $4$ $5$ $6$ $7$	$5$ $5$ $5$ $5$ $5$ $5$ $5$ $5$	$0$ $10$ $24$ $40$ $56$ $70$ $80$ $84$

Answer 1

Factor (Units)	(Units)	(Units)	(Units)
$0$ $1$ $2$ $3$ $4$ $5$ $6$ $7$	$0$ $10$ $24$ $40$ $56$ $70$ $80$ $84$	$0$ $10$ $12$ $13.33$ $14$ $14$ $13.33$ $12$	$0$ $10$ $14$ $16$ $16$ $14$ $10$ $4$