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Calculate the average and marginal product …

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Calculate the average and marginal product from the following Unit of labour =1,2,3,4,5,6,7 Total product =20,36,48,56,60,60,56,

    • Posted by Harish Dhuri 7 years, 2 months ago

    CBSE > Class 12 > Economics
    • 2 answers

    Samira . 7 years, 2 months ago

    Formula for calculating marginal product= T(2)- T(1). For example 36-20=16. Formula for calculating average product = total product / unit of labour .For example 36/2= 18.

    1Thank You

    Samira . 7 years, 2 months ago

    Marginal product = 20,16,12,8,4,0,-4. Aberage product= 20,18,16,14,12,10,8.

    1Thank You

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