A firm produces 200 units of commodity X by employing 10 workers and 240 units of the same commodity by employing 12 workers. Then the Average Product of the worker is --------

Related MCQs

• Let a firm employs 5 labourers and produces 120 units of output. When 6 labourers are employed the firm produces 136 units of output. Then the marginal product is ---
• If the income elasticity of demand for a commodity is found to be 0.4, then the commodity concerned is:
• When average product is at a maximum, marginal product is:
• Relation between price of a commodity and demand for another commodity is measured by:
• If the amount of the commodity purchased remains unchanged when the price of another commodity changes, the cross elasticity of demand between them will be:
• If the supply curve of the commodity is having a positive slope, a rise in the price of the commodity, results in:
• If a worker specializes in the production of a single good, it is called:
• If the income elasticity of demand is greater than one, then the commodity is:
• From the position of stable equilibrium, the market supply of a commodity decreases, while the market demand remains unchanged, then:
• Other things remaining the same, the quantity of a product demanded increases with ------------ in price.