Post Utme Veritas University 2017 Economics Question 37

Practice objective / multiple choice question 37 from the 2017 Post Utme Veritas University Economics examination.

Post Utme Veritas University 2017 Economics Objective / Multiple Choice
Question 37 POST_UTME_VERITAS_UNIVERSITY • 2017 • ECONOMICS • objective

A firm's production function is given by ( f(x) = 3x^2 - 2x + 1 ). If the firm's current output is 10 units and the marginal product of labor is 5 units, what is the value of the average product of labor?

Answer Options

A. 10
Correct Answer B. 15
C. 20
D. 25
Correct Answer
B
Correct Option:
15

About This Question

This is Post Utme Veritas University 2017 Economics Question 37. It is one of the objective questions from the 2017 Post Utme Veritas University Economics examination.

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