Economics Q54
54The Production Manager of a manufacturing company has gathered the following information:
| Labor (L) | Total Product (TP) |
| 0 | 0 |
| 1 | 175 |
| 3 | 450 |
| 5 | 600 |
| 7 | 675 |
| 9 | 700 |
The level of labor at which the average product of labor is highest is closest to:
- Option : A
- Explanation : Average product = Total product / labor. Average product of one worker is 175. Average product of 3 workers = 450 / 3 = 150. Average product of 5 workers = 600 / 5 = 120. It is the highest for 1 worker.
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