The marginal product at the fifth variable factor is
ECONOMICS
JAMB 2015
The marginal product at the fifth variable factor is
- A. 7
- B. 6
- C. 5
- D. 9
Correct Answer: A. 7
Explanation
MP = Δ TP ÷ Δ L = (TP2 – TP1) ÷ L2 – L1 = (55 – 48 ) ÷ (5 – 4) = 7 ÷ 1 = 7
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