Reference Schedule: Quantity of Labour Total Product (TP) Average Product (AP) Marginal Product (MP) 1 10 10 10 2 22 11 12 3 36 12 14 4 44 11 8 5 45…

CA Foundation · Business Economics · PYQS · January 2025
Reference Schedule: Quantity of Labour Total Product (TP) Average Product (AP) Marginal Product (MP) 1 10 10 10 2 22 11 12 3 36 12 14 4 44 11 8 5 45 9 1 What will be the total product when quantity of labour is 4?
(A) A. 38
(B) B. 40
(C) C. 42
(D) D. 44

Suggested Answer and Working Notes:

Correct Answer: Option (D)

D. 44

Topics: Theory of Production and Cost

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