Question 31
Theory of ProductionFixed unit of land (hectares): 5, 5, 5, 5, 5, 5
Variable unit of labour: 1, 2, 3, 4, 5, 6
Total output (TO): 10, 25, X, 60, 73, 82
Marginal product (MP): 10, 15, 21, 14, 13, Y
Which of the following pairs gives the values of X and Y in the table above?
- A.X = 20, Y = 6
- B.X = 10, Y = 10
- C.X = 38, Y = 9
- D.X = 46, Y = 9
- E.X = 46, Y = 14
Show the answer and explanation
Answer: D (X = 46, Y = 9)
Explanation
X = 25 + 21 = 46 (TO rises by the MP); Y = 82 − 73 = 9.