Q Four units of labour produce 200 units of output and 5 unit of labour produce 220 units of output. Calculate MP of the labour??? Pls give proper explanation...
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Answer:
Marginal Production is 20 Units
Explanation:
Marginal Production unit is that Number of units which are added to previous Unit of Production
Ex... 1 unit of labour - 40 unit of output
2 unit of labour -80 unit of output
Hence additional unit for one more unit of Labour is 40unit of output
..
4 - 200
5- 220
Difference is 20 Units
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