Question on: JAMB Economics - 2018
| No of Men | 0 | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 |
| Total Product(unit) | 200 | 440 | 540 | 600 | 640 | 660 | 660 | 640 |
A
N110
B
N120
C
N220
D
N330
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Correct Option: B
Here's how to determine the answer:
1. **Identify the relevant data:** We need to find the marginal product of the second man. Marginal product is the change in total product resulting from employing one more unit of labor (in this case, a man).
2. **Calculate the change:**
* When 1 man is employed, the total product is 440.
* When 0 men are employed, the total product is 200.
* Marginal Product of the 1st man = 440-200=240
3. **Calculate the change:**
* When 2 men are employed, the total product is 540.
* When 1
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