Question on: JAMB Economics - 1995
A
23 and 20
B
22 and 19
C
14 and 19
D
11 and 20
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Correct Option: B
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Marginal Product of the 2nd worker: The marginal product is the change in total product when one more worker is employed. In this case, the total product with 1 worker is 10, and with 2 workers is 32. So, the marginal product of the 2nd worker is 32 - 10 = 22.
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Average Product of the 5th worker: The average product is the total product divided by the number of workers. With 5 workers, the total product is 95. Therefore, the average product of the 5th worker is 95 / 5 = 19.
Therefore, the marginal product of the 2nd worker and the average product of the 5th worker are 22
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