Target Exam

CUET

Subject

Economics

Chapter

Micro Economics: Production and Costs

Question:

Calculate Average Product of Labour from the data given below when L= 3units.

Labour Total product
0 0
1 10
2 24
3 40
4 50
Options:

10

16

13.33

12.5

Correct Answer:

13.33

Explanation:

The correct answer is Option 3: 13.33

AP= TP/Units of Labour

    = 40/3

    = 12.33

Labour Total product MP  AP   
0 0 - -
1 10 10 10
2 24 14 12
3 40 16 13.33
4 50 10 1.5