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JAMB Economics 2009 Question 18

Question 18

Theory of Production

Use the table below to answer questions 17 and 18.
Unit of capital | Total output (kg)
1 | 16
2 | 64
3 | 126
4 | 212
5 | 425
6 | 684
Determine the average product of the 4th unit of capital

  1. A.53
  2. B.86
  3. C.212
  4. D.213
Show the answer and explanation

Answer: A (53)

Explanation

AP = total output ÷ units of capital = 212 ÷ 4 = 53 kg.