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 average product of wheat?

Options:

1.5 quintal of wheat

2.5 quintal of wheat

3.5 quintal of wheat

4.5 quintal of wheat

Correct Answer:

2.5 quintal of wheat

Explanation:

The correct answer is Option 2: 2.5 quintal of wheat

Average product= total product/total units of labour

                        = 5 Quintals/2 units of labour

                        = 2.5 Quintals