Gce Model Questions Vol1 2023 Economics Question 24
Practice objective / multiple choice question 24 from the 2023 Gce Model Questions Vol1 Economics examination.
The following data show the total product (TP) of a firm for different numbers of workers (L):\n\[\begin{array}{c|c}\nL & TP \\ \hline\n2 & 20\\\n4 & 50\\\n6 & 78\\\n8 & 100\\\n10 & 115\n\end{array}\]\nAssuming that between the recorded points the marginal product (MP) and total product change linearly, determine the approximate number of workers at which marginal product equals average product (i.e., \(MP = AP\)). Give your answer to two decimal places.
Answer Options
About This Question
This is Gce Model Questions Vol1 2023 Economics Question 24. It is one of the objective questions from the 2023 Gce 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.