IF THE AP(AVERAGE PRODUCT)OF A LABOUR IS 30 UNITS OF OUTPUT ,THEN FIND TP(TOTAL PRODUCT) OF 2 LABOURS
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Given : AP(AVERAGE PRODUCT)OF A LABOUR IS 30 UNITS OF OUTPUT
To Find : TP(TOTAL PRODUCT) OF 2 LABOURS
Solution:
AP(AVERAGE PRODUCT)OF A LABOUR = 30 UNITS OF OUTPUT
=> PRODUCT OUTPUT OF 1 LABOUR = 30 UNITS
=> PRODUCT OUTPUT OF 1 LABOUR = 2 x 30 UNITS
=> PRODUCT OUTPUT OF 1 LABOUR = 60 UNITS
TP(TOTAL PRODUCT) OF 2 LABOURS = 60 UNITS
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