Solution: From your knowledge of the relationships among the various production functions, complete the following table: Variable Input L Total Product
Question: From your knowledge of the relationships among the various production functions, complete the following table:
Variable Input L | Total Product TP L | Average Product AP L | Marginal Product MP L |
0 | 0 | ||
1 | 8 | ||
2 | 28 | ||
3 | 18 | ||
4 | 26 | ||
5 | 20 | ||
6 | 108 | ||
7 | -10 |
Solution:

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