Homework Answers
Refer the attached table
![Labour al FC VC | 1 16$160 $80 12 401 $160 | $160 13 60 $160 | $240 4 172] $160 $320 | 5 800 $160 $400 $160 $480 1 7 82 $160](http://img.homeworklib.com/questions/6e193320-78c3-11ea-ba43-e53d6b8d3321.png?x-oss-process=image/resize,w_560)
We have to calculate the marginal product of labour. I have already calculated it in the last column of the table. We van calculate the MPL using the following formula
When labour increases from 4 to 5 the output changes from 72 to 80
Similarly when labour changes from 5 to 6 the output changes from 80 to 84
Thus, we can see with every additional unit of labour the total output is increasing but at a diminishing rate.
Therefore, it continue the pattern of diminishing marginal return.
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