Use the following table to answer the question below: The amount of total output produced from various combinations of labor and capital. $$\begin{array} { c c c c c c }
& & { \text { Units af Capital } } \
& & 1 & 2 & 3 & 4 \
& 1 & 50 & 120 & 160 & 180 \
\text { Units } & 2 & 110 & 260 & 360 & 390 \
\text { of } & 3 & 150 & 360 & 510 & 560 \
\text { Lebor } & 4 & 170 & 430 & 630 & 690 \
& 5 & 160 & 480 & 710 & 790
\end{array}$$ If the capital stock is fixed at four units and there are three units of labor,what is the average product of labor?
A)50
B)140
C)157.5
D)170
E)none of the above

Question

Use the following table to answer the question below: The amount of total output produced from various combinations of labor and capital. $$\begin{array} { c c c c c c } 
& & { \text { Units af Capital } } \
 & & 1 & 2 & 3 & 4 \
 & 1 & 50 & 120 & 160 & 180 \
\text { Units } & 2 & 110 & 260 & 360 & 390 \
\text { of } & 3 & 150 & 360 & 510 & 560 \
\text { Lebor } & 4 & 170 & 430 & 630 & 690 \
& 5 & 160 & 480 & 710 & 790
\end{array}$$ If the capital stock is fixed at four units and there are three units of labor,what is the average product of labor?
A)50
B)140
C)157.5
D)170
E)none of the above

Quizplus · Accepted Answer

The average product of labor is calculated by dividing the total output by the number of units of labor. With four units of capital and three units of labor, the total output is 560. Dividing this by 3 units of labor gives an average product of labor of 186.67, which is not listed among the options provided.

Use the Following Table to Answer the Question Below: the Amount