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JAMB Economics 1995 Question 13

Question 13

Theory of Production

No. of workers | Total output (Units)
1 | 24
2 | 46
3 | 60
4 | 84
5 | 95
6 | 110
7 | 115
In the table above, the marginal product of the 2nd worker and the average product of the 5th worker respectively are

  1. A.23 and 20
  2. B.22 and 19
  3. C.14 and 19
  4. D.11 and 20.
Show the answer and explanation

Answer: B (22 and 19)

Explanation

Marginal product of the 2nd worker = 46 − 24 = 22. Average product with 5 workers = 95 ÷ 5 = 19.