Calculating Marginal Product of Labor
Number of Workers Output
0 0
1 50
2 110
3 300
4 450
5 590
6 665
7 700
8 725
9 710
10 705
The table show the weekly relationship between output and number of workers for a factory with a fixed size of plant. Find:
a. find out the marginal product of labor
b. At what point does diminishing returns set in
c. find out the average product of labor