Exhibit 7-12
-For the total product curve in Exhibit 7-12, the average product at point c is:
A) 6
B) 10
C) 25
D) 60
E) unable to be determined

Question

Exhibit 7-12 
-For the total product curve in Exhibit 7-12, the average product at point c is:
A) 6 
B) 10 
C) 25 
D) 60 
E) unable to be determined

Quizplus · Accepted Answer

To find average product, we divide total product by the quantity of labor input. At point c, the quantity of labor input is 6, and the total product is 60. Therefore, the average product at point c is 60/6 = 10.

Exhibit 7-12 -For the Total Product Curve in Exhibit 7-12, the Average