Question

The following table gives the TP schedule of labour. Find the corresponding average product and marginal product schedule:

| TPL | 0 | 15 | 35 | 50 | 40 | 48 |
| L | 0 | 1 | 2 | 3 | 4 | 5 |

Answer 1

| AP | 15 | 17.5 | 16.67 | 10 | 9.6 |
| MP | 15 | 20 | 15 | -10 | 8 |