The following table gives the total product schedule of labour. Find the corresponding average product and marginal product schedules of labour.
L 0 1 2 3 4 5
${T P}_{L}$ 0 15 35 50 40 48

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Solution

L ${T P}_{L}$ ${A P}_{L}$ ${M P}_{L}$
0
1
2
3
4
5 0
15
35
50
40
48 -
15
17.5
16.67
10
9.6 -
15
20
15
-10
8

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Similar questions

The following table gives the total product schedule of labour. Find the corresponding average product and marginal product schedules of labour.

L	TP_L
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L	${T P}_{L}$	${A P}_{L}$	${M P}_{L}$
0 1 2 3 4 5	0 15 35 50 40 48	- 15 17.5 16.67 10 9.6	- 15 20 15 -10 8

The following table gives the total product schedule of labour. Find the corresponding average product and marginal product schedules of labour.L012345TPL01535504048

LTPL APL MPL01234501535504048 - 15 17.5 16.67 10 9.6 - 15 20 15 -10 8

The following table gives the total product schedule of labour. Find the corresponding average product and marginal product schedules of labour.
L 0 1 2 3 4 5
${T P}_{L}$ 0 15 35 50 40 48

L ${T P}_{L}$ ${A P}_{L}$ ${M P}_{L}$
0
1
2
3
4
5 0
15
35
50
40
48 -
15
17.5
16.67
10
9.6 -
15
20
15
-10
8