Question 14
Theory of ProductionUse the table below to answer questions 12, 13 and 14.
Units of Variable factor | Total Product
1 | 25
2 | 31
3 | 40
4 | 48
5 | 55
The average product of the variable factor when four units are employed is
- A.6
- B.8
- C.12
- D.48
Show the answer and explanation
Answer: C (12)
Explanation
AP = TP ÷ units = 48 ÷ 4 = 12.