Complete the following table.
| Units of Labour | 1 | 2 | 3 | 4 | 5 | 6 |
| Average Product (units) | 8 | 10 | A | 9 | B | 7 |
| Marginal product (Units) | - | C | 10 | D | 4 | - |
| Total Product (units) | - | - | E | - | - | - |
What will come in place of A?
Answer & explanation
Correct answer: option 1
The correct answer is Option 1:10
AP= TP/Units of labour
Step 1: Calculate Known Total Product Values
- From given data:
- At 1 unit of labour: TP=AP×Labour = 8*1 =8
- At 2 units of labour: TP=10*2 = 20
Step 2: Find Total Product at 3 Units of Labour
- Given Marginal Product at 3rd unit = 10, we use:
- TP₃=TP₂+MP₃ = 20+10 = 30
Step 3: Find A (AP at 3 units of labour)
AP₃= TP₃/L3 = 30/3 = 10
| Units of Labour | 1 | 2 | 3 | 4 | 5 | 6 |
| Average Product (units) | 8 | 10 | 10 | 9 | 8 | 7 |
| Marginal product (Units) | 8 | 12 | 10 | 6 | 4 | 2 |
| Total Product (units) | 8 | 20 | 30 | 36 | 40 | 42 |