Determine the average product of the 4th unit of capital?

By: |Published on: Oct 24|Categories: Economics JAMB| 0 comments

 

A. 53
B. 86
C. 212
D. 213

Correct Answer:

Option A – 53

Explanation

Average product is found by dividing the total product by the quantity of the variable input.

The AP of the 4th unit of capital = 212/4 = 53

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