Rubber DINGHIES TOTAL PRODUCT SCHEDULE IS
LABOUR OUTPUT (workers per week) (dinghies per week)
1 1
2 3
3 6
4 10
5 15
6 21
7 26
8 30
9 33
10 35
a Draw the total product curve
b Calculate the average product of labour and draw the average product curve.
c Calculate the marginal product of labour and draw the marginal product curve.
d What is the relationship between average product and marginal product when Rubber Dinghies produces i) fewer than 30 dinghies a week and ii) more then 30 dinghiesa week?