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Home Questions NMEHW7UEZQ
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 C?

Options:

6

8

10

12

Correct Answer:

12

Explanation:

The correct answer is option 4: 12

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 C (MP at 2 units of labour)

C= MP2 ​=TP2​−TP1​

              = 20- 8 = 12

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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