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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:________

Respuesta :

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Answer:

9

Explanation:

From the given information:

The formula for calculating the average product AP = [tex]\dfrac{Total \ Product }{Labor}[/tex]

When the input of labor = 2

The total product = 18

∴

The average product (AP) for two inputs of labor = [tex]\dfrac{18}{2}[/tex]

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

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