Location via proxy:   [ UP ]  
[Report a bug]   [Manage cookies]                
Scribd Logo
Upload

Welcome to Scribd!

  • 24 views

    Capital (K) Labour (L) Total Product (TP) Average Product (AP) Marginal Product (MP)

    Uploaded by

    Erum Anwer
    The document presents a table showing the relationship between capital (K), labor (L), total product (TP), average product (AP), and marginal product (MP) for a firm using 10 units of capital. As labor increases from 0 to 10 units, total product first increases, then decreases, showing diminishing returns to labor. Average product peaks when labor is at 5 units, while marginal product becomes negative after labor reaches 8 units.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd

    Capital (K) Labour (L) Total Product (TP) Average Product (AP) Marginal Product (MP)

    Uploaded by

    Erum Anwer
    24 views2 pages
    The document presents a table showing the relationship between capital (K), labor (L), total product (TP), average product (AP), and marginal product (MP) for a firm using 10 units of capital. As labor increases from 0 to 10 units, total product first increases, then decreases, showing diminishing returns to labor. Average product peaks when labor is at 5 units, while marginal product becomes negative after labor reaches 8 units.

    Original Description:

    Eco-Analysis for managers

    Original Title

    Eco Assignment-Qs # 2

    Copyright

    © © All Rights Reserved

    Available Formats

    DOCX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    The document presents a table showing the relationship between capital (K), labor (L), total product (TP), average product (AP), and marginal product (MP) for a firm using 10 units of capital. As labor increases from 0 to 10 units, total product first increases, then decreases, showing diminishing returns to labor. Average product peaks when labor is at 5 units, while marginal product becomes negative after labor reaches 8 units.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    24 views2 pages

    Capital (K) Labour (L) Total Product (TP) Average Product (AP) Marginal Product (MP)

    Uploaded by

    Erum Anwer
    The document presents a table showing the relationship between capital (K), labor (L), total product (TP), average product (AP), and marginal product (MP) for a firm using 10 units of capital. As labor increases from 0 to 10 units, total product first increases, then decreases, showing diminishing returns to labor. Average product peaks when labor is at 5 units, while marginal product becomes negative after labor reaches 8 units.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    You are on page 1of 2

    0

    10
    20
    30
    40
    50
    60
    70
    80
    90
    100
    1 2 3 4 5 6 7 8 9 10 11
    T
    O
    T
    A
    L

    P
    R
    O
    D
    U
    C
    T

    LABOUR
    Total Product (TP)

    Question # 02
    a) .

    Capital
    (K)
    Labour
    (L)
    Total Product
    (TP)
    Average Product
    (AP)
    Marginal Product
    (MP)
    10 0 0 - -
    10 1 5 5 5
    10 2 15 7.5 10
    10 3 30 10 15
    10 4 50 12.5 20
    10 5 75 15 25
    10 6 85 14.17 10
    10 7 90 12.86 5
    10 8 92 11.5 2
    10 9 92 10.22 0
    10 10 90 9 -2


    b) .










    0
    5
    10
    15
    20
    25
    30
    35
    40
    45
    1 2 3 4 5 6 7 8 9 10
    Average Product (AP) Marginal Product (MP)



















    c) From 6
    th
    unit (i.e. after the 5
    th
    worker) at the output level of 75 there are
    diminishing marginal returns, that is 10.

    d) AP is maximum at 5
    th
    unit .i.e. 15

    You might also like