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ECONOMICS

JAMB 2016 - Question 26

Economics 2016 JAMB Past Questions - Question 26: from th table above, determin the average product of the 5th unite of capital

Use the diagram to answer questions 26

from th table above, determin the average product of the 5th unite of capital

A: 310.5

B: 176.5

C: 70.6

D: 62.0

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Correct Answer

Explanation

Average product = total product /output / unit or output = 353 /5 = 70.6