-Refer to Table 7-1. What is the average product of labour when the farm hires 5 workers?
A) 4 pounds
B) 10.8 pounds
C) 38.2 pounds
D) 54 pounds

Question

Quizplus · Accepted Answer

To find the average product of labour when the farm hires 5 workers, we look at the output column and find the corresponding value for when L=5, which is 54 pounds. We then divide by 5 (the number of workers) to get an average product of 10.8 pounds. Therefore, the correct choice is B.