Holding capital constant, when labor increases from 9 to 10 units, output increases from 193 to...
Holding capital constant, when labor increases from 9 to 10 units, output increases from 193 to 215. he marginal product of labor is " blank" units, and when 10 units of labor are used, the average product of labor is "blank" units.
Homework Answers
Answer:-
Calculation of Marginal product of labor (MPL) and Average product of labor (APL) :-
| Labor units | Output | Marginal product of labor (MPL) | Average product of labor (APL) |
| 9 | 193 | - | 21.44 (215/10) |
| 10 | 215 | 7[(215 - 193)/(10 - 9)] | 21.5 (215/10) |
Notes :- i). Marginal product of labor (MPL) = Change in Output / Change in Labor units.
ii). Average product of labor (APL) = Output / Labor in units.
Conclusion :- 1). Marginal product of labor (MPL) = 7 Units.
2). Average product of labor (APL) = 21.5 (When ten units of the labor are involved in production of goods.)
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