The table below tracks the total product that results from each level of labor. Units of Labor (L) Total Product (TP) Average Product (APL) Marginal Product (MPL) 1 2 10 24 4 36 40 6 42 7 42 8. 40 Required: 1- Calculate average product of labor (APL) and marginal product of labor (MPL) 2- Draw only Average product of labor (APL) and marginal product (MPL) curves

Labor(workers per day) Total product (units per day) Marginal product Average product 0 0 0 0 1 2 2 2 2 8 ​ ​ 3 12 ​ ​ 4 15 ​ ​ 5 16 1 ​ In the above table, the marginal product is greatest when the   fourth worker is hired.   first worker is hired.   third worker is hired.   second worker is hired.

Total Product 75 68 66 57 42 15 0 1 2 3 4 5 6 7 8 Labor (units) Refer to Figure 11-1. If the marginal product of labor curve was plotted on this figure, with marginal product on the vertical axis, the marginal product of labor curve would never intersect the horizontal axis. intersect the horizontal axis at a point between the 5th and 6th unit of labor. intersect the horizontal axis at a point between the 6th and 7th unit of labor. intersect the horizontal axis at a point somewhere beyond the 8th unit of labor.