No. Of Workers | Total Product | Marginal Product |
---|---|---|
0 | 0 | - |
1 | 8 | 8 |
2 | 18 | 10 |
3 | 25 | 7 |
4 | 30 | 5 |
5 | 33 | 3 |
6 | 34 | 1 |
The marginal product can be calculated as follows
For 2 units of Labour
Thus, at L= 2, Total product = 18
At L = 3
MPL = (25 - 18)/(3-2) = 7/1 = 7
At L = 4
MPL = (30-25)/(4-3) = 5/1 = 5
At L = 5
MPL = (TP2 - 30)/(5-4)
3 = TP2 - 30
TP2 = 33
At L = 6
MPL = (34-33)/(6-5) = 1
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