Professional Documents
Culture Documents
of Diminishing Returns
Total Product
Marginal
Average
Product (MPl )
Product (APl )
24
24
24
72
48
36
138
66
46
216
78
54
300
84
60
384
84
64
462
78
66
528
66
66
576
48
64
10
600
24
60
11
594
-6
54
12
552
-42
46
(TPl)
Stages of
Returns
I)
Increasing
Returns
II)
Diminishing
Returns
III) Negative
Returns
12
T
o
t
a
l
p
r
o
d
u
c
t
TP rises at an increasing
rate till the employment of
the 5th worker.
Beyond the 6th worker until
10th worker TP increases
but rate of increase begins
to fall
TP Decrease from 11th
worker onwards.
Labour
13
Panel B represents
Marginal and
average
productivity
curves of labour
APL
labour
M MPL
P
L
14