Question

Labor (L)	Total Product (Q)	Marginal Product MPL	Average Product APL
0	0
1	5
2	11
3	18
4	23
5	26

3. According to the above table, at what usage of labor does diminishing marginal product begin?

A) 1 worker

B) 2 workers

C) 4 workers

D) 5 workers

Need to calculate the MPL for all labor in a third column. Show your work.

4. According to the above table, what is the marginal product of the 4th unit of labor?      

A) 3 units of total product

B) 5 units of total product

C) 6 units of total product

D) 7 units of total product

5. According to the above table, what is the average product of labor when three laborers are employed?   

A) 3 units of TP

B) 4 units of TP

C) 5 units of TP

D) 6 units of TP

Answer 1

3). The diminishing marginal product starts when an additional unit of the inputs of production adds proportionately less to the total output. Simply the total output increase at a decreasing rate when we increase the production. Here the diminishing marginal product begin at the 4th worker.

Ans:c). 4 workers.

4). The marginal product of the labour is the addition made to the total product when an additional workers is employed.

Ans: B) 5 Units of total product.

5).

Average product

Average product for the three workers .

  

  .

Ans: D). 6 units of TP.

Change.

1.

.

2.

  

.

3.

  .

And so on, hope you have understand the calculation here . Just take the difference between the total product and corresponding change in labour and divide.