Refer to the following:
$$\begin{array} { c c c c }
\begin{array} { c }
\text { Units } \
\text { of Labor }
\end{array} & \begin{array} { c }
\text { Totel } \
\text { Praduet }
\end{array} & \begin{array} { c }
\text { Average } \
\text { Product }
\end{array} & \begin{array} { c }
\text { Narginal } \
\text { Produet }
\end{array} \
\hline 1 & - & - & 100 \
2 & - & 125 & - \
3 & 300 & - & - \
4 & - & - & 20\
5&290&-&-
\end{array}$$
-In the table above, what is the average product of four units of labor?
A) 20
B) 60
C) 80
D) 100
E) 350

Question

Refer to the following:
 $$\begin{array} { c c c c } 
\begin{array} { c } 
\text { Units } \
\text { of Labor }
\end{array} & \begin{array} { c } 
\text { Totel } \
\text { Praduet }
\end{array} & \begin{array} { c } 
\text { Average } \
\text { Product }
\end{array} & \begin{array} { c } 
\text { Narginal } \
\text { Produet }
\end{array} \
\hline 1 & - & - & 100 \
2 & - & 125 & - \
3 & 300 & - & - \
4 & - & - & 20\
5&290&-&-
\end{array}$$
-In the table above, what is the average product of four units of labor?
A) 20
B) 60
C) 80
D) 100
E) 350

Quizplus · Accepted Answer

The total product for 4 units of labor can be calculated using the marginal product: 300 (from 3 units) + 20 (marginal product of 4th unit) = 320. The average product is then 320 / 4 = 80.

Refer to the Following -In the Table Above, What Is the Average Product of }