In production, the formula total product/number of men employed
is used to calculate
Total product
Average product
Marginal product
Fixed product
Correct answer is B
No explanation has been provided for this answer.
70
74
76
86
Correct answer is B
Qs + 70 + 1/2 P,
when price is 8
Qs = 70 + (1/2 x 8)
Qs = 70 + 4
Qs = 74
Which of the following is a measure of central tendency?
Percentage
Graph
Variance
Median
Correct answer is D
No explanation has been provided for this answer.
A collective data which has not been processed is referred to as
Disjointed data
Raw data
Class intervals
Frequency
Correct answer is B
No explanation has been provided for this answer.
Marginal utility
Total utility
Average utility
Diminishing utility
Correct answer is B
No explanation has been provided for this answer.