Class 12 Micro Economics - Chapter Production and Costs NCERT Solutions | The following table gives the total prod
The following table gives the total product schedule of labour. Find the corresponding average product and marginal product schedules of labour.
|
L |
TPL (Units) |
|
0 |
0 |
|
1 |
15 |
|
2 |
35 |
|
3 |
50 |
|
4 |
40 |
|
5 |
48 |
|
L |
TPL (units) |
AP=ΔTPΔLAP=ΔTPΔL
|
MP=TPn−TPn−1MP=TPn−TPn−1 |
|
0 |
0 |
0 |
- |
|
1 |
15 |
15.00 |
15 |
|
2 |
35 |
17.50 |
20 |
|
3 |
50 |
16.67 |
15 |
|
4 |
40 |
10.00 |
-10 |
|
5 |
48 |
9.60 |
-8 |
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