Question

Can someone make a chart with the missing values filled in please?

Fill in the gaps in the table below. (Enter your responses rounded to two decimal places.) Quantity of Variable Input Total Output Marginal Product of Variable Input Average Product of Variable Input 0 0 225 - 225 - 300 225 300 2 300 1,150 230 - 11.5 1,368.5 228.08

Answer 1

We use the rule

Total product = Average product x variable input

and Total product = summation of marginal products over a given range of variable input

For example, Total output for variable input 2 is 300 x 2 = 600.

Similarly Total output for variable input 3 is 300 x 3 = 900.

Variable input	Total product	Marginal product	Average product
0	0
1	225	225	225
2	600	375	300
3	900	300	300
4	1150	250	287.5
5	1380	230.00	276.00
6	1368.5	-11.50	228.08