If by the use of one unit of labour, 2 quintals of wheat are produced and by the use of two units of labour, 5 quintals of wheat are produced. |
1 quintal of wheat 2 quintal of wheat 3 quintal of wheat 4 quintal of wheat |
3 quintal of wheat |
The correct answer is Option 3: 3 quintals of wheat Marginal product= Change in total product/Change in Labour Given:
Now, calculating the Marginal Product when labour increases from 1 to 2 units: M.P= (5-2)/(2-1) =3 quintals |