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Quantitative Aptitude

Averages

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Question

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Hours of Labour Total output Marginal Product
0 0 0
1 200 200
2 - 160
3 480 -
What is the marginal product of the third hour labour?

A

120

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B

160

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C

200

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D

480

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Solution

The correct option is B 120
Hours of labour Total output Marginal Output
0 --- ---
1 200 200
2 360(200+160) 160
3 480 120(480-360)
Thus, the marginal output of the third hour of labour is:
$480 - 360 = 120$

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Similar questions

Q. Use table to answer questions

Hours of Labour	Total output	Marginal Product
0	0	0
1	200	200
2	-	160
3	480	-

What is the total output when 2 hours of labour are employed

Q. Use table to answer question

Hours of Labour	Total output	Marginal Product
0	0	0
1	300	300
2	-	240
3	720	-

What is the marginal product of the third hour of labour?

Hours of Labour	Total Output	Marginal Product
0	?	?
1	100	100
2	?	80
3	240	?

What is the marginal product when

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hours of labour are employed?

Q. Use the following information to answer the question.

Hours of Labour	Total Output	Marginal Product
0
1	100	100
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What is the average product of the first three hours of labour?

Q. Use the following information to answer the question:

Hours Labour	Total of output	Marginal Product
$0$	-	-
$1$	$100$	$100$
$2$	-	$80$
$3$	$240$	-

What is the total ouput when

2

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