Average Product(AP) - Jamb Economics Past Questions and Answers

Question 6:

• JAMB 1998

Which of the following statements best describes the relationship between average product and marginal products?

A. Marginal product and average product curves rise and falls together
B. Marginal product equals average product at the minimum point of the latter
C. Average product curve will rise as product is greater than average product
D. Marginal product at the maximum point of the fomer

Question 7:

• JAMB 2000

The average product Y is

A. 15.5
B. 14.6
C. 12.0
D. 8.0

Question 8:

• JAMB 2006

\(\begin{array}{c|c}
\text{Number of Men} & 1 & 2 & 3 & 4 & 5 & 6 & 7 & 8 \\
\hline
\text{Total product(Unit)} & 200 & 440 & 540 & 600 & 640 & 660 & 660 & 640 \\
\hline
\end{array}\)
What is the average product when 3 men are employed?

A. 120 units
B. 540 units
C. 100 units
D. 180 units

Question 9:

• JAMB 2010

Average product is less than marginal product when

A. There is constant returns to scale
B. There is increasing returns to scale
C. There is decreasing returns to scale
D. Diminishing returns set in