From the table above, the average product of the 3rd unit of labour is

Assessment: JAMB UTME - Economics - 2017 Subject: Economics

Question 1 Report

From the table above, the average product of the 3rd unit of labour is

Answer Details
To find the average product of the 3rd unit of labor, we need to divide the total output produced by 3 workers by the number of workers, which is 3. Looking at the table provided, we can see that the total output produced by 3 workers is 150 units. Therefore, the average product of the 3rd unit of labor is 150/3 = 50. This means that on average, each of the 3 workers produced 50 units of output. So the answer is 50.
Read lesson note on The Theory Of Production (JAMB)
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