Question
Complete the table below. MPL= Marginal product of Labour, APL = Average Product of Labour, and EL=Output Elasticity of Labour. Labor Output MP L AP
Complete the table below. MPL= Marginal product of Labour, APL = Average Product of Labour, and EL=Output Elasticity of Labour.
Labor | Output | MPL | APL | EL |
0.00 | 0.00 | |||
1.00 | 3.00 | |||
4.00 | 16.00 | |||
6.00 | 24.00 | |||
8.00 | 28.00 | |||
10.00 | 28.00 | |||
12.00 | 24.00 |
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Microeconomics For Today
Authors: Irvin B. Tucker
10th Edition
1337613061, 978-1337613064
