question_answer

Complete the following table:
Units of Labour	Average Product (Units)	Marginal Product (Units)
1	16	.....
2	20	.....
3	.....	20
4	18	.....
5	.....	8
6	14	.....

           

Answer:

Units of Labour	Average Product \[AP=\frac{TP}{L}\]	Marginal Product (Units) \[M{{P}_{n}}=T{{P}_{n}}-T{{P}_{n-1}}\]	Total Product TP=AP \[\times \] L or, \[T{{P}_{n}}=T{{P}_{n-1}}+M{{P}_{n}}\]
1	16	-	\[16(1~\times 16)\]
2	20	\[24(40-16)\]	\[40(2\times ~20)\]
3	\[20\left( 60-3 \right)\]	20	\[60\left( 40+20 \right)\]
4	18	\[12\left( 72-60 \right)\]	\[72(4~\times 18)\]
5	\[16\left( 80-5 \right)\]	8	\[80\left( 72+8 \right)\]
6	14	\[4\left( 84-80 \right)\]	\[84(6~\times 14)\]