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

Question 1:

• JAMB 2019

A demand which gives rise to the reverse of the law of demand is__________

A. Derived demand
B. Joint demand
C. Abnormal demand
D. Composite demand

Question 2:

• JAMB 2017

From the table above, the average product of the 3rd unit of labour is

A. 50
B. 70
C. 350
D. 150

Question 3:

• JAMB 2017

Given that the total production of Bandako farmers with one worker is 10kg. When the workers increased to 2, 3, and 4, the total production increases to 20, 36 and 60kg respectively.
Calculate the average product (AP) of the 4th unit of labour.

A. 20
B. 13
C. 15
D. 10

Question 4:

• JAMB 2015

\(\begin{array}{c|c}
\text{Units of labour} & \text{Fixed capital} & \text{Total product} & \text{Average product} & \text{Marginal product} \\
\hline
0 & 10 & - & - & - \\
\hline
1 & 10 & 10 & 10 & 10 \\
\hline
2 & 10 & 25 & ? & 15 \\
\hline
3 & 10 & 50 & 16.7 & 25 \\
\hline
4 & 10 & 80 & 20.0 & 30 \\
\hline
5 & 10 & 106 & 21.2 & 26 \\
\end{array}\)

Calculate the average product when the 2nd labour was employed 12.5

A. 12.5
B. 12
C. 15
D. 10

Question 5:

• JAMB 1988

The average product of labour in a given period is obtained by dividing the?

A. Number of workers by the total product
B. Total product by the number of hours actually worked
C. Change in total product by the change in the number of workers
D. Total product by the number of workers