Complete the Table: Capital (K) Labor (L) Total Product Average Product Marginal Product (TP) (AP) (MP) 1 1 10 10 10 1222 12 1 3 37 12.33 14 12.2512 1558 9 1 6 64 10.67 1 7 9.57 3 1 8 67 8.38 1964 -3 110 5.8-6
Complete the Table: Capital (K) Labor (L) Total Product Average Product Marginal Product (TP) (AP) (MP) 1 1 10 10 10 1222 12 1 3 37 12.33 14 12.2512 1558 9 1 6 64 10.67 1 7 9.57 3 1 8 67 8.38 1964 -3 110 5.8-6
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Complete the Table: Capital (K) Labor (L) Total Product Average Product Marginal Product (TP) (AP) (MP) 1 1 10 10 10 1222 12 1 3 37 12.33 14 12.2512 1558 9 1 6 64 10.67 1 7 9.57 3 1 8 67 8.38 1964 -3 110 5.8-6
![1. Complete the Table:
Capital (K)
1
1
1
1
1
1
1
1
1
1
Labor (L) Total Product
(TP)
10
22
37
?
58
64
1
2
3
4
5
6
7
8
9
10
?
67
64
?
Average Product
(AP)
10
?
12.33
12.25
?
10.67
9.57
8.38
?
5.8
Marginal Product
(MP)
10
12
?
12
9
?
3
?
-3
-6](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fefb0e90b-e07d-4b27-9b04-06b629be7229%2F8cd3d2b4-b42f-4ab8-a7b5-701d999534a3%2Frq8daq_processed.jpeg&w=3840&q=75)
Transcribed Image Text:1. Complete the Table:
Capital (K)
1
1
1
1
1
1
1
1
1
1
Labor (L) Total Product
(TP)
10
22
37
?
58
64
1
2
3
4
5
6
7
8
9
10
?
67
64
?
Average Product
(AP)
10
?
12.33
12.25
?
10.67
9.57
8.38
?
5.8
Marginal Product
(MP)
10
12
?
12
9
?
3
?
-3
-6
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