Given that the total production of Bandako farmers with o...
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.
20
13
15
10
Correct answer is C
In this case, 4 workers produce 60kg of output therefore, the Average product of labour for the 3rd unit is 15kg. Given by:
Average product = Total product/Variable product
= 60/4
= 15kg
Economic development is reflected in the ...
Concentrating industries in one place is advantageous because there are gains in terms of ...
One of the functions of of the international Monetary Fund (IMF) is to ...
Which of the following is a threat to the existence of middlemen? ...
54, 36, 62, 79, 83, 36, 62, 42, 62, and 42. What is the modal score? ...