I would like to help you but I am not sure how. Can you tell me where you are stuck? It might be helpful to think of the definition of APL. It is simply TP/L. If you drew out a nice TP curve on graph paper, you could read the values for Total Product for each of the Labor units. Then, with a calculator or Excel, you could figure the values of APL. Or perhaps you are stuck where APL meets the MP curve. It is a little tricky, but you can see it in algebra, geometry, or calculus. Try this. Imagine you are in a class where there is a test every day. On the first day, you make a 70. On the second day, a 71, then a 72, then 73, and so on. Each day, you score a test grade 1 point higher than the day before until finall you make a 95. Lay this out in Excel or write them out on paper. Next, calculate your average for each day as the semester progresses. You will see your average was 70 after the first day, then 70.5 after 2 days, then 71.0 after 3 days, and so on. Notice your average is rising everyday, but always less than your last test score. Now, imagine after the 95, your daily test scores begin to fall. You make a 94, then 93, then 92, and so on. Notice your average will continue to rise until finally your test score falls enough that it is equal to your average. After that, test scores will fall below your average and begin to pull your average down. This is exactly what happens between MP and APL. MP is like the daily test scores, and APL is like your average. I hope this was helpful
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so helpful! thanks!
Yes, really very helpful. But i can't understand the construction of APL curve.
I would like to help you but I am not sure how. Can you tell me where you are stuck? It might be helpful to think of the definition of APL. It is simply TP/L. If you drew out a nice TP curve on graph paper, you could read the values for Total Product for each of the Labor units. Then, with a calculator or Excel, you could figure the values of APL.
Or perhaps you are stuck where APL meets the MP curve. It is a little tricky, but you can see it in algebra, geometry, or calculus. Try this. Imagine you are in a class where there is a test every day. On the first day, you make a 70. On the second day, a 71, then a 72, then 73, and so on. Each day, you score a test grade 1 point higher than the day before until finall you make a 95. Lay this out in Excel or write them out on paper. Next, calculate your average for each day as the semester progresses. You will see your average was 70 after the first day, then 70.5 after 2 days, then 71.0 after 3 days, and so on. Notice your average is rising everyday, but always less than your last test score. Now, imagine after the 95, your daily test scores begin to fall. You make a 94, then 93, then 92, and so on. Notice your average will continue to rise until finally your test score falls enough that it is equal to your average. After that, test scores will fall below your average and begin to pull your average down.
This is exactly what happens between MP and APL. MP is like the daily test scores, and APL is like your average. I hope this was helpful
What is the shape of the total product curve? Is it ‘s’ shaped or inverted ‘s’ shaped?
To me, it looks like a streached out, slightly rotated "S" shape.
Your explanation is very good !!
please do more
Thanks
Thanks Sir beautifully explained
Thanks
This s so helpful, thank you so much
You are a great teacher
Very nice explanation!
Very helpful. Thanks!
That's helpful
helpful man!
Thank you sir
Thank u
Where are you from
Hello Debobrat, I live near Charleston, SC, USA. I am an economics professor at a small university of 3500 students, Charleston Southern University.
@@arnoldhite o nice.I am from India
Sweet
thank for your effort
You are very welcome. Good luck with you economics studies.