Each additional worker produces two extra units of output until the first three units are produced...
Each additional worker produces two extra units of output until the first three units are produced for some production function. After the third unit is produced each additional worker produces one extra unit of output. What are the total product of labor, average product of labor and marginal product of labor for the first five units of production associated with this production function?
Homework Answers
Initially 3 unit are produced by 1.5 worker and after that 1 unit are produced by 1 worker
Thus total of 5 unit of output are produced by 1.5+2=3.5 worker
Thus total labor=3.5 worker
marginal product of labor=1 and average product of labor=5/3.5=1.4286
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Each additional worker produces two extra units of output until
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