Compete the table and use the data to answer the question
Units of labour (N)
Total product (TP)
Average product (AP)
Marginal product (MP)
1
20
20.00
20
2
45
22.50
25
3
66
22.00
21
4
21
5.25
-45
5
100
20.00
79
6
14
2.33
-86
The marginal product of the fifth unit is (4 marks) a) 14 b) 16 d) 25
Answer:
Marginal product of the 5th unit = TP5 − TP4 = 100 − 21 = 79. None of the given options match.
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