JAMB Economics 2009 Objective — Question 17
Question 17 of 50 from the Joint Admissions and Matriculation Board (JAMB) Economics 2009 Objective paper, with the correct answer and a full explanation.
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Use the table below to answer questions 17 and 18 (Units of Capital 1-6, Total output (kg) 16,64,126,212,425,684, with AP and MP columns). The marginal product of the 5th unit of capital is
- A. 42
- B. 85
- C. 114
- D. 213Correct
Explanation
The marginal product of the 5th unit of capital is 425-212=213, i.e. the difference between the total product when the 5th capital was employed and when the 4th capital was employed.
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