(Answered) Rubber dinghies total product schedule islabour output

Management Studies

Rubber DINGHIES TOTAL PRODUCT SCHEDULE IS

LABOUR OUTPUT (workers per week) (dinghies per week)

1 1

2 3

3 6

4 10

5 15

6 21

7 26

8 30

9 33

10 35

a Draw the total product curve

b Calculate the average product of labour and draw the average product curve.

c Calculate the marginal product of labour and draw the marginal product curve.

d What is the relationship between average product and marginal product when Rubber Dinghies produces i) fewer than 30 dinghies a week and ii) more then 30 dinghiesa week?

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Business Management, Management Studies

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