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Q2. a) Assuming Firm X's production schedule is as follows; fill in the blanks: (3 marks) Variable input (Labour Hour) Total output (Q units) Marginal

Q2. a)Assuming Firm X's production schedule is as follows; fill in the blanks: (3 marks)

Variable input (Labour Hour) Total output (Q units) Marginal Product (MP) Average Product (AP)
10 100 100 100
20 80
30 240 80

[Answer here]

Answer Q 2. a )

When the variable input is 20, the Total Output = When the variable input is 20, the Average Product (AP) =

When the variable input is 30, the Marginal Product (MP) =

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