Tag Archives: total

So from this equation you can easily see that suggests that the marginal product of labour is optimistic – in other words, Alexei’s grade will increase with hours studied. Total fastened costs are $50 and each laborer or employee, the variable enter, is paid $10. It might be seen from Table sixteen.1 that marginal product of labour increases at first after which diminishes. Marginal product of 8th unit of labour is zero and beyond that it turns into unfavorable. After a degree total product curve begins rising at a diminishing […]