Given the following information about a firm, identify the stages of production.
Units of Labour $1$ $2$ $3$ $4$ $5$ $6$ $7$ $8$
Units of output $4$ $12$ $24$ $32$ $36$ $36$ $28$ $16$

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Solution

Units of Labour Units of Output $(T P)$ $M P$ Stages
$1$
$2$
$3$
$4$
$5$
$6$
$7$
$8$ $4$
$12$
$24$
$32$
$36$
$36$
$28$
$16$ $4$
$8$
$12$
$8$
$4$
$0$
$- 8$
$- 12$ Increasing returns to a factor
-
-
Diminishing returns to a factor
-
-
-
-
Negative returns to a factor

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Similar questions

Units of Labour	$0$	$1$	$2$	$3$	$4$	$5$	$6$	$7$	$8$	$9$
Units of Output	$0$	$4$	$12$	$24$	$32$	$36$	$36$	$28$	$16$	$2$

Units of Labour	$T P$	$A P$	$M P$
$1$ $2$ $3$ $4$ $5$ $6$ $7$ $8$	$4$ $12$ $24$ $32$ $36$ $36$ $28$ $16$	- - - - - - - -	- - - - - - - -

16

Class	0-4	4-8	8-12	12-16	16-20	20-24	24-28	28-32	32-36
Frequency	6	8	17	23	16	15	-	4	3

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Units of Labour	Units of Output $(T P)$	$M P$	Stages
$1$ $2$ $3$ $4$ $5$ $6$ $7$ $8$	$4$ $12$ $24$ $32$ $36$ $36$ $28$ $16$	$4$ $8$ $12$ $8$ $4$ $0$ $- 8$ $- 12$	Increasing returns to a factor - - Diminishing returns to a factor - - - - Negative returns to a factor