The Theory of Production - Jamb Economics Past Questions and Answers

Question 126:

• 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 127:

• JAMB 2007

The division of labour requires that the task to be performed

A. Must be done in stages
B. Requires no special knowledge
C. Is simple but strenuous
D. Must be undertaken by experts

Question 128:

• JAMB 2007

A characteristic of the linear production function is that

A. The percentage change in inputs change exceeds output
B. Output and all inputs change by the same percentage
C. The percentage change in output is greater than one
D. The percentage change in output is less than one

Question 129:

• JAMB 2007

In a developing economy, productivity is measured by the

A. Capital-output ratio
B. Output growth rate
C. Output-labour ratio
D. Output per capita

Question 130:

• JAMB 2007

What is the marginal productivity when the number of workers is increased from 2 to 3?

A. 8kg
B. 20kg
C. 60kg
D. 180kg