Correct option is B
Sol: The correct answer is (b) 18, 12, and 10
Given:
Labour | Total Product | Marginal Product |
1 | 10 | 10 |
2 | 28 | ? |
3 | 40 | ? |
4 | 50 | ? |
Formula used:
Marginal Product (MP) =Total Product (TP) at Current Labour−Total Product (TP) at Previous Labour
Solution:
For Labour 2
So, the marginal product for the 2nd unit of labour is 18.
For Labour 3:
So, the marginal product for the 3rd unit of labour is 12.
For Labour 4:
So, the marginal product for the 4th unit of labour is 10.
The marginal products for each level of labour are 10, 18, 12, and 10,
