Homework Answers
Answer
marginal product of n th worker =total output of n workers -
total output of n-1 workers
MP(n)=TP(n)-TP(n-1
MP(1)=42-0=42
MP(2)=96-42=54
MP(3)=162-96=66
MP(4)=240-162=78
============
average product =total product /number of labors
AP(1)=42/1=42
AP(2)=96/2=48
AP(3)=162/3=54
AP(4)=240/4=60
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