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Production Function: TP, MP and AP · Question 40 of 62

Over which range of labour does the first phase (rising MP) last?

Question 40

MediumOriginal question

Capital is fixed and labour is varied. The table shows total product.

Labour (units)123456789
Total product102439526066707063

Over which range of labour does the first phase (rising MP) last?

Options for question 40

Show the answer and explanation
CorrectNot quiteAnswer A

Correct answer: A

Explanation

  1. MP: 10, 14, 15 for units 1 to 3, then 13, 8, 6, 4, 0, −7.

  2. MP rises only up to the 3rd unit; from the 4th it falls.

Concept
Phases from a schedule
Typical time
70 s
Your time
—
The rule this testsThe law of variable proportions
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