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JAMB Economics 2017 Paper

Question : 18

Total: 50

Solution:

Concept:

Average product (AP) is the output produced per unit of labour.

It is calculated by dividing total product by the number of workers.

Explanation:

For the 4th unit of labour, 4 workers produce a total of 60kg.

Use the formula:

AP = \frac{\text{Total product}}{\text{Number of workers}}

Substitute the values:

AP = \frac{60}{4} = 15\text{kg}

Therefore, the average product of the 4th unit of labour is 15kg.

Answer:

C. 15

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