3 Fill in the blanks of the following table of Units of var
3) Fill in the blanks of the following table # of Units of variable input Total Output # of units Marginal Product Average Product of variable inpu of variable input 30 unknown 20 4 130 19.5
Solution
AP = Total output/No. of units
MP (nth unit) = Total output (n units) - Total output ((n-1) units
| No. of units | Total output | MP | AP |
| 3 | 90 | 30 | |
| 4 | 110 | 20 | 27.5 |
| 5 | 130 | 20 | 26 |
| 6 | 135 | 5 | 22.5 |
| 7 | 136.5 | 1.5 | 19.5 |
