Economics (AS & A Level) · May / June 2023 · Paper 32 · Question 14
9708Types of cost, revenue and profit, short-run and long-run production
The production schedule indicates how total output increases as up to five workers are employed per week. | employment of workers | total product (units) | |---|---| | 0 | 0 | | 1 | 6.0 | | 2 | 13.0 | | 3 | 21.0 | | 4 | 27.5 | | 5 | 33.5 | What is the marginal product when the average product per worker equals 7.0 units?
- A6.0 units
- B6.5 units
- C7.0 units
- D8.0 units
As printed in the paper
Show the answer
Correct answer: D. 8.0 units
Make a free account to save your answers and see your weak topics and ask the AI why a wrong answer is wrong.