passwella.
Menu

JAMB Economics 1988 Question 6

Question 6

Theory of Production

The average product of labour in a given period is obtained by dividing the

  1. A.number of workers by the total product
  2. B.total product by the number of hours actually worked
  3. C.change in total product by the change in the total number of workers
  4. D.total product by the number of workers.
Show the answer and explanation

Answer: D (total product by the number of workers.)

Explanation

Average product of labour = total product ÷ number of workers. Option C describes marginal product.