Concepts of production and their interrelationships - Jamb Economics Past Questions and Answers

Question 21:

• 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 22:

• 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 23:

• JAMB 2000

The average product Y is

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

Question 24:

• JAMB 2000

The marginal product X is

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

Question 25:

• 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