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7. Complete the following table by calculating marginal product and average product from the data given: Inputs of Labor Total Product Marginal Product Average Product
7. Complete the following table by calculating marginal product and average product from the data given:
| Inputs of Labor | Total Product | Marginal Product | Average Product |
| 0 | 0 | 15 | 15 |
| 1 | 15 | 19 | 17 |
| 2 | 34 | 17 | 17 |
| 3 | 51 | 14 | 16.25 |
| 4 | 65 | 9 | 14.8 |
| 5 | 74 | 6 | 13.33 |
| 6 | 80 | 3 | 11.86 |
| 7 | 83 | -1 | 10.25 |
| 8 | 82 |
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Essentials Of Advanced Macroeconomic Theory
Authors: Ola Olsson ]
1st Edition
9780415685085
