Waec Model Questions Vol1 2023 Economics Question 16
Practice objective / multiple choice question 16 from the 2023 Waec Model Questions Vol1 Economics examination.
A firm's total product (TP) at successive levels of labour (L) is given below: L=1, TP=20; L=2, TP=45; L=3, TP=66; L=4, TP=80; L=5, TP=90. Assuming the marginal product (MP) between two successive labour levels changes linearly, at what approximate level of labour does the average product (AP) become equal to the marginal product? Give your answer to two decimal places.
Answer Options
About This Question
This is Waec Model Questions Vol1 2023 Economics Question 16. It is one of the objective questions from the 2023 Waec Model Questions Vol1 Economics examination.
Difficulty level: Medium .
Master the Exam!
You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.