Computation Formula:Marginal Product (MPL) = change in total output per unit change ininput L??? = Δ??/∆? Average Product (APL) = output per unit of input L??? = ??/? Given the data on the table, answer what is asked on the items below:APLLabor InputLTPLMPL17183304445627878889499410921. Compute the MPL & APL schedules above2. Plot TPL, APL & MPL on a graphing paper and indicate the 3production stages3. What is the most efficient level of labor? (Highest APL)

(1) Labor input TPL APL MPL 0 0 ---- ---- 1 7 7 7 2 18 9 11 3 30 10 12 4 44 11 14 5…

Labor Input TPL APL MPL 1 7 2 18 30 4 44 5 62 78 7 88 94 9 94 10 92 1. Compute the MPL & APL schedules above 2. Plot TPL, APL & MPL on a graphing paper and indicate the 3 production stages 3. What is the most efficient level of labor? (Highest APL)

Labor Input TPL APL MPL 1 7 2 18 30 4 44 5 62 78 7 88 94 9 94 10 92 1. Compute the MPL & APL schedules above 2. Plot TPL, APL & MPL on a graphing paper and indicate the 3 production stages 3. What is the most efficient level of labor? (Highest APL)

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter7: Production, Costs, And Industry Structure

Section: Chapter Questions

Problem 2SCQ: Continuing from Exercise 7.1, the films factory sits on land owned by the firm that it could rent...

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Question

100%

Computation Formula:

Marginal Product (MPL) = change in total output per unit change in
input L
??? = Δ??/∆?

Average Product (APL) = output per unit of input L
??? = ??/?

Given the data on the table, answer what is asked on the items below:
APL
Labor Input
L
TPL
MPL
1
7
18
3
30
4
44
5
62
78
7
88
8
94
9
94
10
92
1. Compute the MPL & APL schedules above
2. Plot TPL, APL & MPL on a graphing paper and indicate the 3
production stages
3. What is the most efficient level of labor? (Highest APL)

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