Question

1. Given the below production table:

	L	TP	AP	MP
A	0	0	-	-
B	1	10
C	2		12	14
D	3
E			11	8
F		48	9.6	4
G	6
H	7	47	6.7

1. Complete the above table, knowing that the AP maximizes at 3 workers and the TP at 6 workers.
2. Draw in a common diagram the curves of the TP, AP and MP.

Answer 1

(a)

	L	TP=(AP)(L)	AP=TP/L	MP=Change in TP
A	0	0	-	-
B	1	10	10	10
C	2	24	12	14
D	3	(44-8)= 36	12	12
E	4	44	11	8
F	5	48	9.6	4
G	6	47.5	8	-0.5
H	7	47	6.7	-0.5

(b) By plotting these we get the TP,AP and MP curves as shown below :

TRMP, AR 48 पष (2 1234