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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
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Correct Option: A

MP = Δ TP ÷ Δ L

= (TP2 – TP1) ÷ L2 – L1

= (55 – 48 ) ÷ (5 – 4) = 7 ÷ 1

= 7

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