Question

The following data about a company was available for a period:
Complete the table by calculating (AP) and (MP). 3mark
رأس المال K
1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000
الناتج الحدي الناتج المتوسط الناتج الكلي العمل L Q (TP) (AP) (MP)
0 0 0 0 50 1
120 2
180 3
220 4 250 5 270 6 280 7 280 8 270 9


Answer 1

To calculate (AP) and (MP), we use the following formulas:

(AP) = Total Product/Total Input
(MP) = Change in Total Product/Change in Total Input

So, we calculate (AP) and (MP) in the table:
رأس المال K الناتج الحدي الناتج المتوسط الناتج الكلي العمل L Q (TP) (AP) (MP)
0 0 0 0 50 1 50 50 120 2 60 30 180 3 60 20 220 4 55 10 250 5 50 5 270 6 45 5 280 7 40 10 280 8 35 15 270 9 30 10
So, the calculations are as follows:

(AP) at L=1: 50/1 = 50
(MP) at L=1: (120-50)/(2-1) = 70
(AP) at L=2: 120/2 = 60
(MP) at L=2: (180-120)/(3-2) = 60
(AP) at L=3: 180/3 = 60
(MP) at L=3: (220-180)/(4-3) = 40
(AP) at L=4: 220/4 = 55
(MP) at L=4: (250-220)/(5-4) = 30
(AP) at L=5: 250/5 = 50
(MP) at L=5: (270-250)/(6-5) = 20
(AP) at L=6: 270/6 = 45
(MP) at L=6: (280-270)/(7-6) = 10
(AP) at L=7: 280/7 = 40
(MP) at L=7: (280-280)/(8-7) = 0
(AP) at L=8: 280/8 = 35
(MP) at L=8: (270-280)/(9-8) = -10
(AP) at L=9: 270/9 = 30