JAMB Economics 2009 Objective — Question 18
Question 18 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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Determine the average product of the 4th unit of capital
- A. 53Correct
- B. 86
- C. 212
- D. 213
Explanation
The average product of the 4th capital = TP/K = 212/4 = 53, i.e. the total output when 4 units were employed and the units of capital employed.
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