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 marginal product when quantity of labour is 5?
(A) A. 8
(B) B. 9
(C) C. 10
(D) D. 11

Suggested Answer and Working Notes:

Correct Answer: Option (A)

A. 8

Topics: Theory of Production and Cost

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