Given that the total production of Bandako farmers with one worker is 10kg. When the workers increased to 2, 3, and 4, the total production increases to 20,...

Assessment: JAMB UTME - Economics - 2017 Subject: Economics

Question 1 Report

Given that the total production of Bandako farmers with one worker is 10kg. When the workers increased to 2, 3, and 4, the total production increases to 20, 36 and 60kg respectively. Calculate the average product (AP) of the 4th unit of labour.
Answer Details
The average product (AP) of the 4th unit of labor is 15kg. The average product is calculated by dividing the total output by the number of workers. In this case, the total output is 60kg and the number of workers is 4, so the average product is 60/4 = 15kg. This means that, on average, each additional worker contributes 15kg to the total production.
Read lesson note on The Theory Of Supply (JAMB)
Read lesson note on The Theory Of Production (JAMB)
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