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Home Questions MUUQYBHAZX
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 B?

Options:

8

10

9

12

Correct Answer:

8

Explanation:

The correct answer is option : 8

Step 1: Calculate Total Product at 5 Units of Labour

TP at 4 units of labour:

TP4​=AP4​×Labour4 = 9*4 = 36

Given MP at 5th unit = 4, we use:

TP5​=TP4​+MP5​ = 36+4 = 40

Step 2: Find B (AP at 5 units of labour)

AP5​=TP5/L5 =40/5 = 8

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

 

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