Question
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 |
|
TPL |
0 |
15 |
35 |
50 |
40 |
48 |
Solution
|
L |
TPL |
APL = TPL/L |
MPL = ∆TPL/∆L |
|
0 |
0 |
0 |
— |
|
1 |
15 |
15 (= 15/1) |
15 |
|
2 |
35 |
17.5 |
20 (= 35-15) |
|
3 |
50 |
16.7 |
15 |
|
4 |
40 |
10.0 |
-10 (= 40 - 50) |
|
5 |
48 |
9.6 |
8 |
