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 · September 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 the quantity of labour is 5?
Suggested Answer and Working Notes:
Correct Answer: Option (C)
C. 80
Topics: Theory of Production and Cost