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
 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

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