Question

If total product at 2 units of labour employed is 22 and total prod
1 unit is 10, then MP is​

Answer 1

Answer:

the mp is 12 because 22 minus 10 equal to 12

Answer 2

The Marginal product (MP) is 12

Explanation:

Marginal product attribute as adding to the total product, when one more unit of a variable factor is employed. Marginal Product (MP) is also called as ‘Marginal physical product (MPP)’ or ‘Marginal Return’.

• MPn = TPn – TPn-1  Where,
• MPn = The Marginal product of the nth unit of variable factor;
• TPn = The Total product of n units of variable factor;
• TPn-1 = The Total product of (n – 1) units of variable factor;  
• n = number of units of the variable factor.

In our case

• Total product of n units (TPn) = 22
• Total product of (n – 1) units (TPn-1) = 10
• So, Marginal product of nth unit MPn = 22 - 10 = 12