Consider the following short run production function.

Q	0	15	35	60	90	115	135	150	160	165	167	168
L	0	1	2	3	4	5	6	7	8	9	10	11

Set up a table that includes the total product, average product and marginal product of labour. Is this production function consistent with diminishing returns?

 

 

Posted Date: 2/27/2013 7:46:03 AM | Location : United States

Ask an Expert

Related Discussions:- Total product-average product and marginal product, Assignment Help, Ask Question on Total product-average product and marginal product, Get Answer, Expert's Help, Total product-average product and marginal product Discussions

Write discussion on Total product-average product and marginal product
Your posts are moderated

Write your message here..

Related Questions

The south African government is not providing, Ask question #are there a... Ask question #are there any welfare or subsidy payment that should be reviewed or added?

Calculate minimal expected amount, A store is known for is bargains. The st... A store is known for is bargains. The store has the habit of lowering the price of its bargains each day, to ensure that articles are sold fast. Assume that you spot an item on Wed

Concept of limit pricing theory, what meaning of limit pricing theory and i... what meaning of limit pricing theory and its importance in industrial economics?

Coursework, Following the general methodology used by econometricians as ex... Following the general methodology used by econometricians as explained in the session for week 1 (eight steps), explain how you would proceed to determine if a good complies with t

Law o demand, what is law of denam? what is law of denam?

Differentiate between linear and log-linear model, Problem: (a) Differe... Problem: (a) Differentiate between linear and log-linear model. (b) Distinguish between type I and type II errors. (c) (i) A bulb manufacturer claims that its bulbs last

Estimate the electrons speed, An electron follows a helical path in a unifo... An electron follows a helical path in a uniform magnetic field of magnitude 0.422T. The pitch of the path is 6.81 mm, and the magnitude force on the electron is 1.59 x 10 -15 N. W

JGAUGUjgg3u3aii4tyl''UWY4Ktle.., hgquitwiywiy 6w tt555,jsiuouwjswjuhhurkhjs... hgquitwiywiy 6w tt555,jsiuouwjswjuhhurkhjsrgvbb kjhg4tv jagwrj5rttruyyt hayvjafgrthbviuyhqakhjq kqhyo8yq ki8yihq jqkb qiki8yqi kiiiqgquestion..

Microeconomic, what is indirect utility function? what is indirect utility function?

Transportation problems, Process of least cost method and how to do a minim... Process of least cost method and how to do a minimisation problem