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Definition of Functions

Use the follo...

Question

Use the following information to answer the question.
Hours of Labour Total Output Marginal Product
0
1 100 100
2 80
3 240
What is the average product of the first three hours of labour?

A

60

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B

80

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C

100

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D

240

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Solution

The correct option is B 80
$\frac{T P}{H o u r s o f L A b o u r}$
$= \frac{240}{3} = 80$

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Similar questions

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

What is the average product of the first

3

hours of labour?

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

What is the marginal product when

3

hours of labour are employed?

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

What is the total output when

2

hours of labour are employed?

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

hours of labour are employed?

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 marginal product of the third hour labour?

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