Multiple choice

Directions: Use the table to answer the question. Table | Hours of Labour | Total Output | Marginal Product | | --- | --- | --- | | 0 | -- | -- | | 1 | 100 | 100 | | 2 | ------ | 80 | | 3 | 240 | ----- | What is the average product of the first three hours of labour?

  1. 60

  2. 80

  3. 100

  4. 240
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B Correct answer
Explanation

Total output for 3 hours is 240. Average product = Total output / Labour = 240 / 3 = 80.

AI explanation

The total output after three hours of labor is 240. The average product formula is total output divided by total labor hours. Therefore, the average product is 240 divided by 3, which equals 80. The result is 80.

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