JAMB Economics 2018 Paper

Concept:Average revenue per man employed is the revenue earned by each worker, found by dividing total revenue by the number of men.Explanation:When 6 men are employed, the total product is 660 units. Price per unit is $\mathrm{N}2$. Total revenue $= 660 \times 2 = \mathrm{N}1320$. Average revenue per man $= \frac{\mathrm{N}1320}{6} = \mathrm{N}220$. Alternatively, average product $= \frac{660}{6} = 110$ units. Average revenue $= 110 \times \mathrm{N}2 = \mathrm{N}220$. The earlier solution ignored the price per unit; dividing 660 by 6 only gives average product.Answer:$\mathrm{N}220$ (Option C)