Table 7.1 shows the quantities of labor and capital required to produce various levels of output.

Refer to Table 7-1.What is the average product of labor when four units of labor are used?
A)10
B)14
C)42
D)33

Question

Table 7.1 shows the quantities of labor and capital required to produce various levels of output.

Refer to Table 7-1.What is the average product of labor when four units of labor are used?
A)10 
B)14 
C)42 
D)33

Quizplus · Accepted Answer

To calculate the average product of labor, we divide the total output by the quantity of labor. When four units of labor are used, the output is 56 units. So, the average product of labor is 56/4 = 14. Therefore, choice B is the correct answer.

Table 71 Shows the Quantities of Labor and Capital Required to to Produce