Calculating Average and Marginal Product in a Worker Table

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Question:

Complete the table below.

NUMBER OF WORKERS (N) TOTAL PRODUCT (TP) AVERAGE PRODUCT (AP) MARGINAL PRODUCT (MP) 0 0
1 20 20 2 50 25 30 3 75 25 4 95 23,75
5 22 15 6 120 10 7 125 17,857
8 15,625 0 9 120 13,333
10 110

Answer:

To complete the table, we need to calculate the Average Product (AP) and Marginal Product (MP) for each number of workers (N).

  1. Average Product (AP) is calculated as: [ AP = \frac{TP}{N} ] where TP is the Total Product and N is the number of workers.

  2. Marginal Product (MP) is calculated as: [ MP = TP(N) - TP(N-1) ] where TP(N) is the Total Product with N workers and TP(N-1) is the Total Product with one less worker.

Now, let's fill in the missing values in the table:

NUMBER OF WORKERS (N)TOTAL PRODUCT (TP)AVERAGE PRODUCT (AP)MARGINAL PRODUCT (MP)
00--
1202020
2502530
3752525
49523.7520
51102215
61202010
712517.865
813016.255
912013.33-10
1011011-10

Completed Table:

NUMBER OF WORKERS (N)TOTAL PRODUCT (TP)AVERAGE PRODUCT (AP)MARGINAL PRODUCT (MP)
00--
1202020
2502530
3752525
49523.7520
51102215
61202010
712517.865
813016.255
912013.33-10
1011011-10

Note: The values for TP at N=5 and N=8 were assumed based on the pattern of the data provided. If you have specific values for those, please adjust accordingly.