1. Complete the Table: Capital (K) Labor (L) Total Product Average Product Marginal Product (TP) 10 1 1 1 1 1 1 1 1 1 1 2 3 4 5 6 7 8 9 10 22 37 ? 58 64 ? 67 64 ? (AP) 10 ? 12.33 12.25 ? 10.67 9.57 8.38 ? 5.8 (MP) 10 12 ? 12 9 ? ? -3 -6
1. Complete the Table: Capital (K) Labor (L) Total Product Average Product Marginal Product (TP) 10 1 1 1 1 1 1 1 1 1 1 2 3 4 5 6 7 8 9 10 22 37 ? 58 64 ? 67 64 ? (AP) 10 ? 12.33 12.25 ? 10.67 9.57 8.38 ? 5.8 (MP) 10 12 ? 12 9 ? ? -3 -6
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
![1. Complete the Table:
Capital (K)
1
1
1
1
1
1
1
Labor (L) Total Product
(TP)
10
1
2
3
4
5
6
7
8
9
10
22
37
?
58
64
?
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%2Fb446c846-8354-4a82-a3cd-f2c0335a600f%2Fe5ea47de-8596-4086-8493-1c873509db08%2Flotgirq_processed.jpeg&w=3840&q=75)
Transcribed Image Text:1. Complete the Table:
Capital (K)
1
1
1
1
1
1
1
Labor (L) Total Product
(TP)
10
1
2
3
4
5
6
7
8
9
10
22
37
?
58
64
?
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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