Waec Model Questions Vol1 2024 Economics Question 4

Practice essay / theory question 4 from the 2024 Waec Model Questions Vol1 Economics examination. This question covers Production .

Waec Model Questions Vol1 2024 Economics Essay / Theory

Topic: Production

Question 4 WAEC_MODEL_QUESTIONS_VOL1 • 2024 • ECONOMICS • essay

A small‑scale bakery employs labour (workers) while keeping capital (oven, equipment) fixed in the short run. The table shows the weekly output (loaves of bread) produced as the number of workers employed varies. | Workers (L) | Total Output (loaves) | |-------------|-----------------------| | 0 | 0 | | 1 | 120 | | 2 | 260 | | 3 | 360 | | 4 | 420 | | 5 | 450 | Answer the following questions.

Question Parts

( a )

Compute the marginal product of labour (MPL) and the average product of labour (APL) for each additional worker from the second to the fifth worker. Present your results in a table.

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About This Question

This is Waec Model Questions Vol1 2024 Economics Question 4. It is one of the essay questions from the 2024 Waec Model Questions Vol1 Economics examination.

The question covers Production .

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