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    Find the marginal product. Labour Total Product Marginal Product 1 10 10
    Question

    Find the marginal product.
    Labour
    Total Product
    Marginal Product
    1
    10
    10
    2
    28
    ?
    3
    40
    ?
    4
    50
    ?

    A.

    14,13.33 and 12.50

    B.

    18,12 and 10

    C.

    9,4 and 2.50

    D.

    5, 9.33 and 10

    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

    MP2=TP2TP1=2810=18MP _2​ =TP _2​ −TP _1​ =28−10=18

    So, the marginal product for the 2nd unit of labour is 18.​

    ​​For Labour 3:

    MP3=TP3TP2=4028=12MP _3​ =TP _3​ −TP _2​ =40−28=12

    ​​So, the marginal product for the 3rd unit of labour is 12.

    ​For Labour 4:

    MP4=TP4TP3=5040=10MP _4​ =TP _4​ −TP _3​ =50−40=10

    ​​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,

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