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 |
Answer & explanation
Correct answer: option 3
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 |