Question
3. . ABC Corporation has the following total production schedule: Units of labor Output per week 1 2 2. 6 Units of labor Output per
3..ABC Corporation has the following total production schedule:
Units of labor Output per week
1 2
2. 6
Units of labor Output per week
3 12
4. 20
5 30
6. 42
7 52
8 60
9 66
10 70
a. Draw the total product curve
b. Calculate the average product of labor at different units of labor
c. Calculate the marginal product of labor at different units of labor
d. What is the relationship between the marginal product of labor and the average product of labor?
e. At what level of labor units is the law of diminishing returns beginning to operate?
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