Answer:
See explanation section
Explanation:
We know,
Marginal Product = ΔQ ÷ ΔL
ΔQ = ([tex]Q_{1}[/tex]) - ([tex]Q_{0}[/tex]) [It means current quantity minus previous quantity.]
ΔL = [tex]L_{1} - L_{0}[/tex] [It means current labor unit minus previous labor unit.]
Average product = Total product ÷ Labor
Labor Total Product Marginal Product Average Product
(L) (Q) ([tex]MP_{L}[/tex]) ([tex]AP_{L}[/tex])
0 0 0 0
1 12 (12-0) ÷ (1-0) = 12 (12÷1) = 12
2 28 (28-12) ÷ (2-1) = 16 (28÷2) = 14
3 36 (36-28) ÷ (3-2) = 8 (36÷3) = 12
4 42 (42-36) ÷ (4-3) = 6 (42÷4) = 10.5
5 44 (44-42) ÷ (5-4) = 2 (44÷5) = 8.8
6 44 (44-44) ÷ (6-5) = 0 (44÷6) = 7.3
