AFSA02 Lecture 5: test_doc

11. Answer the questions which follow from the information given in the table.

Units of Total Average Marginal

Labor Product Product Product

0 0 0 0

1 320

2 384

3 1104

4 352

5 192

6 1680

a. If one unit of labor is hired, what is total product?

b. If two units of labor are hired, what is average product?

c. If three units of labor are hired, what is marginal product?

d. If four units of labor are hired, what is total product.

e. If five units of labor are hired, what is average product?