Target Exam

CUET

Subject

Economics

Chapter

Micro Economics: Production and Costs

Question:

Complete the following table.

Units of Labour      1      2       3          4     5       6  
Average Product (units)   8 10 A 9 B 7
Marginal product (Units) - C 10 D 4 -
Total Product (units) - - E - - -

What will come in place of A?

Options:

10

12

15

8

Correct Answer:

10

Explanation:

The correct answer is Option 1:10

AP= TP/Units of labour

Step 1: Calculate Known Total Product Values

  • From given data:
    • At 1 unit of labour: TP=AP×Labour = 8*1 =8
    • At 2 units of labour: TP=10*2 = 20

Step 2: Find Total Product at 3 Units of Labour

  • Given Marginal Product at 3rd unit = 10, we use:
  • TP3=TP2+MP3​ = 20+10 = 30

Step 3: Find A (AP at 3 units of labour)

AP3= TP3/L3 = 30/3 = 10

Units of Labour      1      2       3          4     5       6  
Average Product (units)   8 10 10 9 8 7
Marginal product (Units) 8 12 10 6 4 2
Total Product (units) 8 20 30 36 40 42