Question

Question 3 [14 points] The table below gives data about the number of labour units required for a firm to produce certain quantities of output. a) Complete the following table by calculating marginal product and average product from the data given. Inputs of Labour Total Product Marginal Product Average Product 48 132 228 oooo 312 360 b) Graph all your answers for marginal product and average product on the graph below. Select the curve you wish to graph from the drop-down box at the top of the graph. Marginal Product Product Produced i (0,40) Reset Inputs of Labour

Answer 1

Inputs of labor	TP	MPn=TP n- TP n-1	AP=TP/labor
0	0	-	0
1	48	48	48
2	132	84	66
3	228	96	76
4	312	84	78
5	360	48	72

-1-10 -100- 90 80- -70 MP 60 -50- ДАР 40 30 20- 1- 10 3 4 5