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Production Function: TP, MP and AP · Question 14 of 62

Question 14

MediumOriginal question

Total product of 4 workers is 80 units. The marginal product of the 5th worker is 10. What is the average product of 5 workers?

Options for question 14

Show the answer and explanation
CorrectNot quiteAnswer B

Correct answer: B

Explanation

  1. TP₅ = TP₄ + MP₅ = 80 + 10 = 90.

  2. AP₅ = 90 ÷ 5 = 18.

Worth noting

20 is the average of 4 workers (80 ÷ 4); 90 is the total, not the average.

Concept
Chaining TP, MP and AP
Typical time
70 s
Your time
—
The rule this testsTotal, marginal and average product
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