Gce Model Questions Vol1 2020 Economics Question 27
Practice objective / multiple choice question 27 from the 2020 Gce Model Questions Vol1 Economics examination.
A firm uses a fixed amount of capital and varies labour input. The following data show total product (TP) for successive units of labour (L):\n\n\(\begin{array}{c|cccccc}\nL & 1 & 2 & 3 & 4 & 5 & 6\\\n\hline\nTP\ (\text{units}) & 10 & 28 & 45 & 58 & 66 & 70\n\end{array}\)\n\n(a) Calculate the marginal product of labour for each additional worker. (b) At which level of labour input does the law of diminishing marginal returns first set in? Give the number of the worker at which it begins.
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About This Question
This is Gce Model Questions Vol1 2020 Economics Question 27. It is one of the objective questions from the 2020 Gce Model Questions Vol1 Economics examination.
Difficulty level: Medium .
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