Question

Use the following data to answer the question.

Inputs of Labor Total Product
0 0
1 8
2 18
3 25
4 30
5 33
6 34
7 32

The average product (AP) when two units of labor are hired is:________

Answer 1

9

Step-by-step explanation:

From the given information:

The formula for calculating the average product AP =
`(Total \ Product )/(Labor)`

When the input of labor = 2

The total product = 18

∴

The average product (AP) for two inputs of labor =
`(18)/(2)`

The average product (AP) for two inputs of labor = 9