Determine the average product of the 4th unit of capital<...
Determine the average product of the 4th unit of capital
53
86
212
213
Correct answer is A
Average product is found by dividing total product by the quantity of the variable input.
The AP of the 4th unit of capital = 212 / 4 = 53
Similar Questions
An economy which exhibits features of both private and State enterprises is known as ...
In estimating the national income of a country, the three approaches usually adopted are the ...
Normative economics deals with ...
The value of money depends primarily on ________ ...
The price index is calculated as ...
Which of the following will occur when the market is unstable? ...
In the history of Economic Thought the concept of Division of labour is usually associated with ...
A country whose population size is too small relative to its resource is ...
Net migration is the difference between ...
In order to develop the banking habit of rural dwellers, the traditional money lenders should be ...