Compete the following table, on the assumption that for each additional unit of the variable factor, marginal product decreases by 5 units of output.
Units of Labour TP AP MP
-
-
-
-
-
-
-
- -
-
-
- -
-
-
-5

Open in App

Solution

Labour TP AP MP
1
2
3
4
10
15
15
10 10
7.5
5
2.5 10
5
0
-5

Suggest Corrections

Similar questions

Q. Let TP = Total Product, AP = Average Product and MP = Marginal Product. Use the following table and answer the questions.

Quantity of Variable Factor	TP (in units)	AP (in units)	MP (in units)
1	1000	A	B
2	C	D	600
3	E	700	F
4	2100	G	H
5	I	400	J

Find the value of "F" in the above Table.

The diminishing marginal product of a variable factor implies that the amount of variable factor required per unit of output decreases. State true or false.

Complete the following table

$\begin{matrix} U n i t o f L a b o u r & A v e r a g e P r o d u c t (u n i t s) & M a r g i n a l P r o d u c t (u n i t s) 1 & 8 & - 2 & 10 & - 3 & - & 10 4 & 9 & - 5 & - & 4 6 & 7 & - \end{matrix}$

Q. For each extra unit of labour, firm gets an additional benefit equal to marginal revenue times marginal product which is called __________.

Q. At the existing level of output,

M P = A P = 10

units. Would

A P

be equal to

M P

when production is increased and law of variable proportions is in operation?

Join BYJU'S Learning Program

Compete the following table, on the assumption that for each additional unit of the variable factor, marginal product decreases by 5 units of output.Units of LabourTP AP MP - - - - - - - - - - - - - - - -5

Labour TP AP MP 1 2 3 4 10 15 15 10 10 7.5 5 2.5 10 5 0 -5

Compete the following table, on the assumption that for each additional unit of the variable factor, marginal product decreases by 5 units of output.
Units of Labour TP AP MP
-
-
-
-
-
-
-
- -
-
-
- -
-
-
-5

Labour TP AP MP
1
2
3
4
10
15
15
10 10
7.5
5
2.5 10
5
0
-5