begin array c c text Units of variable factor a... - JAMB Economics 2015 Question
(\begin{array}{c|c}
\text{Units of variable factor} & \text{Total
Product} \
\hline
1 & 25 \
\hline
2 & 31 \
\hline
3 & 40 \
\hline
4 & 48 \
\hline
5 & 55 \
\end{array})
The marginal product at the fifth variable factor is
A
7
B
6
C
5
D
9
Ask EduPadi AI for a Detailed Answer
Correct Option: A
MP = Δ TP ÷ Δ L
= (TP2 – TP1) ÷ L2 – L1
= (55 – 48 ) ÷ (5 – 4) = 7 ÷ 1
= 7
Please share this, thanks:
#JAMB #JAMB
Add your answer
No responses