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JAMB Economics 2015 Paper

Question : 27

Total: 70

Solution:

Concept:

Average product of labour is the total product divided by the number of labour units employed.

Explanation:

When the 2nd unit of labour is employed, the total product is

25

The number of labour units used is

2

So, average product

= \frac{\text{Total product}}{\text{Labour employed}}

Average product

= \frac{25}{2} = 12.5

Answer:

The average product when the 2nd labour was employed is

12.5

Correct option: A.

12.5

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