Marginal Product(MP) - Jamb Economics Past Questions and Answers

Question 6:

• JAMB 1988

The additional revenue obtained by using one more unit of a factor is called?

A. Average product
B. Marginal product
C. Diminishing returns
D. Marginal revenue product

Question 7:

• JAMB 1995

In this table, the marginal product of the 2nd worker and the average product of the 5th worker respectively are

A. 23 and 20
B. 22 and 19
C. 14 and 19
D. 11 and 20

Question 8:

• JAMB 2000

The marginal product X is

A. 18
B. 20
C. 24
D. 25

Question 9:

• JAMB 2009

The marginal product of the 5th unit of capital is

A. 42
B. 85
C. 144
D. 213