Question

If 20 workers can produce a total of 250 units of a product and a 21st worker has a marginal product of ten units, what is the average product of 21 workers?

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Answer 1

Answer:

AP =12.38

Explanation:

Given 20 workers produces 250 units

& 21th worker produces 10 units

so total product (TP) = 250+10 = 260 units

Average product (AP) = TP/q. (where q is amount of labour or workers)

AP= 260/21

AP= 12.38