please answer me this question part a. and b.as soon as possible.
Homework Answers
(a)
AP = Q/L
MP = Change in Q / Change in L
| L | Q | AP | MP |
| 1 | 2 | 2 | 2 |
| 2 | 5 | 2.5 | 3 |
| 3 | 9 | 3 | 4 |
| 4 | 14 | 3.5 | 5 |
| 5 | 18 | 3.6 | 4 |
| 6 | 21 | 3.5 | 3 |
| 7 | 23 | 3.29 | 2 |
| 8 | 24 | 3 | 1 |
(b)
Since MPL starts decreasing from L = 5, thiis is the point from which diminishing marginal productivity starts.
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please answer me this question part a. and b.as soon
as possible.
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