In: Economics
Complete the table below showing labor (ex: # of workers), total output, and the marginal product (MP) of labor for a company.
Labor |
Total Output |
MP of labor |
0 |
0 |
NA |
1 |
5 |
5 |
2 |
12 |
|
3 |
6 |
|
4 |
4 |
|
5 |
25 |
|
6 |
27 |
2 |