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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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