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The table below shows the total production of a firm as the quantity of labor employed increases.The quantities of all other resources employed are constant.Compute
The table below shows the total production of a firm as the quantity of labor employed increases.The quantities of all other resources employed are constant.Compute the marginal and average products and enter them in the table.(8 marks)
Marginal Average
Units Total product product
of Labor product of labor of labor
0 0
1 40 ______ ______
2 100 ______ ______
3 165 ______ ______
4 200 ______ ______
5 225 ______ ______
6 240 ______ ______
7 245 ______ ______
8 240 ______ ______
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