Target Exam

CUET

Subject

Economics

Chapter

Micro Economics: Production and Costs

Question:

If by the use of one unit of labour, 2 quintals of wheat are produced and by the use of two units of labour, 5 quintals of wheat are produced.
What will be the marginal product of wheat?

Options:

1 quintal of wheat

2 quintal of wheat

3 quintal of wheat

4 quintal of wheat

Correct Answer:

3 quintal of wheat

Explanation:

The correct answer is Option 3: 3 quintals of wheat

Marginal product= Change in total product/Change in Labour

Given:

  • With 1 unit of labour, wheat produced = 2 quintals
  • With 2 units of labour, wheat produced = 5 quintals

Now, calculating the Marginal Product when labour increases from 1 to 2 units:

M.P= (5-2)/(2-1)

      =3 quintals