Calculate the average product from the table below when the 2nd labour was employed 12.5
ECONOMICS
JAMB 2015
Calculate the average product from the table below when the 2nd labour was employed 12.5
- A. 12.5
- B. 12
- C. 15
- D. 10
Correct Answer: A. 12.5
Explanation
Average Product = total product รท Labour Employed TPL/1 = 25/2= 12.5 Average product = 12.5
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