-Refer to the above table. When the quantity of labor equals 2, what does the average product equal?
A) 46
B) 23
C) 26
D) 92

Question

-Refer to the above table. When the quantity of labor equals 2, what does the average product equal?
A) 46 
B) 23 
C) 26 
D) 92

Quizplus · Accepted Answer

The average product is calculated by dividing the total output by the quantity of labor. Without the specific table, a general explanation is that if the total output produced by 2 units of labor is 46 (assuming from the options given), then the average product would be 46 / 2 = 23.

-Refer to the Above Table