TABLE OF CONTENTS

Question 1 of 3

Solved Problems
true
true
You must read each slide, and complete any questions on the slide, in sequence.

Fill in the blanks for the total product (TP), average product (AP), and marginal product (MP). Round each answer to one decimal if necessary.

# Workers Total Product Average Product Marginal Product
0 0
1 12
2 25
3 39
4 12 9
5 10 2
6 8.5 1
Table
3
For rows 1-3: Average product per worker is total product divided by the number of workers. Marginal product is calculated by subtracting total product’s previous value from its new one.
Total product can be found in two ways. First, since AP = TP/Q, TP is AP multiplied by Q. Second, you can add the marginal product to each previous total product value to get each new value.

# Workers Total Product Average Product Marginal Product
0 0
1 12 12 12
2 25 12.5 13
3 39 13 14
4 48 12 9
5 50 10 2
6 51 8.5 1
Table

When two workers are used, marginal product is average product, and average product is .

3
When two workers are used, AP = 12.5 and MP = 13. Since marginal product is greater than average product, it pulls up the average product.

# Workers Total Product Average Product Marginal Product
0 0
1 12 12 12
2 25 12.5 13
3 39 13 14
4 48 12 9
5 50 10 2
6 51 8.5 1
Table

When four workers are used, marginal product is average product, and average product is .

3
When four workers are used, AP = 12 and MP = 9. Since marginal product is less than average product, it pulls down the average product.