Based on the information given in the following table, answer the Question Nos. 68 to 70: Quantity of labour Total Product (TP) Average Product (AP)…
CA Foundation · Business Economics · PYQS · January 2025
Based on the information given in the following table, answer the Question Nos. 68 to 70: Quantity of labour Total Product (TP) Average Product (AP) Marginal Product (MP) 1 10 10 10 2 21 10.5 11 3 33 11 12 4 44 11 11 5 52 10.4 8 6 60 10 8 What will be the average product when quantity of labour is 6?
Suggested Answer and Working Notes:
Correct Answer: Option (B)
B. 10
Topics: Theory of Production and Cost