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Please help me in this activity. And please write the formula/solution. COMPLETE THE GIVEN TABLES TABLE A. LABOR INPUT TOTAL MARGINAL PRODUCT AVERAGE PRODUCT PRODUCT
Please help me in this activity. And please write the formula/solution.
COMPLETE THE GIVEN TABLES TABLE A. LABOR INPUT TOTAL MARGINAL PRODUCT AVERAGE PRODUCT PRODUCT 10 10 10 28 AUAWN- 40 58 73 80 81 81 80 TABLE B. OUTPUT FC VC TC AVC AFC 0 10 ATC MC 0 10 6 2 10 9.6 3 10 12 10 14.1 5 10 16.2 10 18 10 20.4 10 24 10 30 https://www.youtube.com/watch?v=ucJBOUTmwo https://www.youtube.com/watch?v=acvmog$53ucFormula / Sample for Activity 1.6 LABOR INPUT TOTAL PRODUCT MARGINAL AVERAGE L Q PRODUCT PRODUCT MP = AQ / AL AP = Q/L 1 10 AQ = 10 -0 = 10 10 / 1 = 10 AL = 1-0 =1 10 / 1 = 10 OUTPUT FC VC TC AVC AFC ATC MC FC = FC VC = TC TC = FC AVC = AFC = ATC = TC MC = - FC + VC VC/ Q FC / Q / Q or O ATC / or O or O AQ or 40 or TC, - TC, 0 10 0 10+ 0 = 0/0 =0 10/0= 10 / 0= - / 10 = 10 0 0 0 1 10 6 10 + 6 = 6 /1 =6 10 / 1 = 16 / 1 = 16 - 10 16 10 16 = 6Step by Step Solution
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