Waec Model Questions Vol1 2021 Economics Question 4

Practice essay / theory question 4 from the 2021 Waec Model Questions Vol1 Economics examination. This question covers Production .

Waec Model Questions Vol1 2021 Economics Essay / Theory

Topic: Production

Question 4 WAEC_MODEL_QUESTIONS_VOL1 • 2021 • ECONOMICS • essay

A farm produces maize using labor as the only variable input while land is fixed at 10 hectares. The table below shows the quantity of labor employed (workers) and the corresponding total output of maize (tons) observed over a season. | Labor (workers) | Output (tons) | |-----------------|---------------| | 1 | 2 | | 2 | 5 | | 3 | 9 | | 4 | 12 | | 5 | 14 | | 6 | 15 | Answer the following questions.

Question Parts

( a )

Compute the marginal product of labor (MPL) and the average product of labor (APL) for each additional worker from the second worker onward. Show your calculations in a table.

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About This Question

This is Waec Model Questions Vol1 2021 Economics Question 4. It is one of the essay questions from the 2021 Waec Model Questions Vol1 Economics examination.

The question covers Production .

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