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

The average product is calculated by dividing the total product by the number of units of input used. At point c, the total product is 600 and the number of units of input used is 60, therefore the average product is 10.

Exhibit 7-12 for the Total Product Curve in Exhibit