Question
Explain the relationship between marginal product and total product, using a suitable diagram.
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| Wages (₹) | No. of Workers | |
| Firm A | Firm B | |
| 50-70 | 20 | 150 |
| 70-90 | 15 | 100 |
| 90-110 | 20 | 90 |
| 110-130 | 25 | 110 |
| 130-150 | 20 | 50 |
|
Weekly wages (in ₹)
|
Number of Woekers
|
|
10-15
|
7
|
|
15-20
|
10
|
|
20-25
|
27
|
|
25-30
|
15
|
|
30-40
|
12
|
|
40-60
|
12
|
|
60-80
|
8
|