Waec Model Questions Vol1 2020 Economics Question 6

Practice objective / multiple choice question 6 from the 2020 Waec Model Questions Vol1 Economics examination.

Waec Model Questions Vol1 2020 Economics Objective / Multiple Choice Medium Difficulty

Question 6 WAEC_MODEL_QUESTIONS_VOL1 • 2020 • ECONOMICS • objective

A firm records the following total product (TP) for successive units of labour employed: Labour (workers): 1, 2, 3, 4, 5, 6 Total product (units): 20, 45, 66, 82, 93, 99 (a) At which unit of labour does the marginal product (MP) first start to decline? (b) How many workers should the firm employ to obtain the highest average product (AP)?

Answer Options

Correct Answer A. a) 3 workers; b) 2 workers

B. a) 5 workers; b) 4 workers

C. a) 4 workers; b) 3 workers

D. a) 2 workers; b) 1 workers

Correct Answer

Correct Option:

a) 3 workers; b) 2 workers

About This Question

This is Waec Model Questions Vol1 2020 Economics Question 6. It is one of the objective questions from the 2020 Waec Model Questions Vol1 Economics examination.

Difficulty level: Medium .

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