JAMB Economics 2014 Objective — Question 17
Question 17 of 50 from the Joint Admissions and Matriculation Board (JAMB) Economics 2014 Objective paper, with the correct answer and a full explanation.
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The table shows Unit of labour 1-5, Total product 8,20,E,28,40, Average product 8,10,9,7,8, Marginal product -,14,7,F,12. From the table, find the values of E and F respectively.
- A. 12 and 19
- B. 27 and 1Correct
- C. 68 and 12
- D. 28 and 5
Explanation
TP for unit 3 = AP×L = 9×3 = 27 (E). Marginal product F = ΔTP/ΔL = (28−27)/(4−3) = 1.
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