Waec Model Questions Vol1 2018 Economics Question 23

Practice objective / multiple choice question 23 from the 2018 Waec Model Questions Vol1 Economics examination.

Waec Model Questions Vol1 2018 Economics Objective / Multiple Choice Medium Difficulty
Question 23 WAEC_MODEL_QUESTIONS_VOL1 • 2018 • ECONOMICS • objective

The total product (TP) of a firm when labour L (in units) is employed is given by \(TP(L) = -0.1L^{3}+6L^{2}-8L\). Determine the labour input at which the average product of labour (AP) is maximised and state the maximum AP value.

Answer Options

A. 32 workers; 85 units per worker
B. 28 workers; 78 units per worker
Correct Answer C. 30 workers; 82 units per worker
D. 25 workers; 80 units per worker
Correct Answer
C
Correct Option:
30 workers; 82 units per worker

About This Question

This is Waec Model Questions Vol1 2018 Economics Question 23. It is one of the objective questions from the 2018 Waec Model Questions Vol1 Economics examination.

Difficulty level: Medium .

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