CameraIcon
CameraIcon
SearchIcon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

The following table gives the marginal product schedule of labour. It is also given that total product of labour is zero at zero level of employment. Calculate the total and average product schedules of labour.

L

MPL

1

3

2

5

3

7

4

5

5

3

6

1

Open in App
Solution

L

MPL

1

3

3

2

5

3 + 5 = 8

3

7

8 + 7 = 15

4

5

15 + 5 = 20

5

3

20 + 3 = 23

6

1

23 + 1 = 24


flag
Suggest Corrections
thumbs-up
2
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Total, Average, and Marginal Product
ECONOMICS
Watch in App
Join BYJU'S Learning Program
CrossIcon