Given the number of labor and the total product in the following table, 1- find the average product (APL) and marginal product (MPL) of labor. 2- Draw Total product (TP), average product (APL) and marginal product (MPL) of labor curves Labor (L) Product Average Product of labor Marginal Product of labor Total (ТР) (APL) (APL) 1 10 2 24 39 4 52 61 6. 66 7 66 8 64 9 54 10 40

Given the number of labor and the total product in the following table, 1- find the average product (APL) and marginal product (MPL) of labor. 2- Draw Total product (TP), average product (APL) and marginal product (MPL) of labor curves Labor (L) Product Average Product of labor Marginal Product of labor Total (ТР) (APL) (APL) 1 10 2 24 39 4 52 61 6. 66 7 66 8 64 9 54 10 40

Name: Given the number of labor and the total product in the following tabl
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Description: Given the number of labor and the total product in the following table,1- find the average product (APL) and marginal product (MPL) of labor.2- Draw Total product (TP), average product (APL) and marginal product (MPL) oflabor curvesLabor (L)Product

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter11: The Firm: Production And Costs

Section: Chapter Questions

Problem 7P

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