In production , the formula total product/number of men employed is used to calculate

ECONOMICS
WAEC 2000

In production , the formula total product/number of men employed is used to calculate

  • A. total product
  • B. average product
  • C. marginal product
  • D. fixed product

Correct Answer: B. average product



Post an Explanation Or Report an Error
If you see any wrong question or answer, please leave a comment below and we'll take a look. If you doubt why the selected answer is correct or need additional more details? Please drop a comment or Contact us directly. Your email address will not be published. Required fields are marked *
Add Math
Don't want to keep filling in name and email whenever you make a contribution? Register or login to make contributing easier.