Advertisements
Advertisements
Question
In a firm, 5 units of factors produce 24units of the product. When the number of factor increases by one, the production increases to 30 units. Calculate the Average Product.
Options
30
6
5
24
MCQ
Solution
5
shaalaa.com
Features of the Factors of Production
Is there an error in this question or solution?
APPEARS IN
RELATED QUESTIONS
The primary factors of production are:
The man-made physical goods used to produce other goods and services are referred to as.
Which factor is called the changing agent of the Society
Which of the following is not a characteristic of land?
Classify the factors of production.
Define Labour.
What are the characteristics of land?