Chapter 6: Q3. (page 235)
Fill in the gaps in the table below.
Quantity of variable input | Total output | Marginal product of variable input | Average product of variable input |
0 | 0 | ||
1 | 225 | ||
2 | 300 | ||
3 | 300 | ||
4 | 1140 | ||
5 | 225 | ||
6 | 225 |
Short Answer
The following table is completed below.
Quantity of variable input | Total output | Marginal product of variable input | Average product of variable input |
0 | 0 | - | - |
1 | 225 | 225 | 225 |
2 | 600 | 375 | 300 |
3 | 900 | 300 | 300 |
4 | 1140 | 240 | 285 |
5 | 1365 | 225 | 273 |
6 | 1350 | -15 | 225 |