Complete the following table:
|
Quantity
of Variable Input
|
Total
Output
|
Marginal
Product of Variable Input
|
Average
Product of Variable Input
|
|
0
|
0
|
-
|
-
|
|
1
|
_____
|
_____
|
50
|
|
2
|
_____
|
30
|
_____
|
|
3
|
90
|
_____
|
_____
|
|
4
|
_____
|
_____
|
24
|
|
5
|
_____
|
4
|
_____
|
|
6
|
96
|
_____
|
_____
|
QVI TO MVPI APVI
ReplyDelete0 0 0 0
1 50 50 50
2 80 30 40
3 90 10 30
4 96 6 24
5 100 4 25
6 96 -4 16
as we know average product of variable input=total output/quantity of variable so 50=total output/1 so total output=50.
ReplyDeletemarginal product of variable input: total output1-total output0=50-0=50.
marginal product of variable input=total output1-total output0. so 30=..-50. the blank is 80.
average product of variable input=80:2=40.
as we know marginal product is total output1-total output0 so 90-80=10.
the average product of variable input is=total output/quantity of input=90/3=30.
as known above the quantity of variable input is 4 and the average product of variable input is 24 so...:4=24 the blank is 24x4=96.
the marginal product of variable input is 96-90=6.
the marginal product of variable=total output1-total ouput0=...-96=4 so the blank is 100.
average product of variable input=total output/quantity of input=100/5=20.
marginal product of variable= total output1-total output0=96-100=-4.
average product of variable input=total output/quantity of input =96/6=16
ANSWER:
ReplyDeleteQVI TO MVPI APVI
0 0 0 0
1 50 50 50
2 80 30 40
3 90 10 30
4 96 6 24
5 100 4 20
6 96 -4 16