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Fill in the blanks. Please explain throughly and show formulas. Units of Labor Total Product Average Product Marginal Product 1 40 2 48 3 138
Fill in the blanks. Please explain throughly and show formulas.
Units of Labor | Total Product | Average Product | Marginal Product |
1 | 40 | ||
2 | 48 | ||
3 | 138 | ||
4 | 44 | ||
5 | 24 | ||
6 | 210 | ||
7 | 29 | ||
8 | -27 |
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