Question 26
MediumOriginal questionCapital is fixed and labour is varied. The table shows total product.
| Labour (units) | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 |
|---|---|---|---|---|---|---|---|---|---|
| Total product | 10 | 24 | 39 | 52 | 60 | 66 | 70 | 70 | 63 |
What is the marginal product of the 6th unit of labour?
Show the answer and explanation
CorrectNot quiteAnswer A
Correct answer: A
Explanation
MP₆ = TP₆ − TP₅ = 66 − 60 = 6.
Worth noting
11 is AP at 6 units (66 ÷ 6).
- Concept
- MP in the second phase
- Typical timeTypical
- 70 s
- Your timeYours
- —
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Ten questions from Production Function: TP, MP and AP, at your own pace.