No of Men 1 2 3 4 5 6 7 8  
Total Product(unit) 200 440 540 600 640 660 660 640

If the price per unit is N2, what is the average revenue when 6 men are employed?

  • A N110
  • B N120
  • C N220
  • D N330
jamb 2018economics

The correct answer is C. N220

To calculate the average revenue when 6 men are employed, we need to know the total product (in units) and the price per unit. According to the table provided, the total product when 6 men are employed is 660 units. Given that the price per unit is N2, we can calculate the average revenue as follows:

Average Revenue = Total Revenue / Total Units

Total Revenue = Total Product * Price per Unit

Total Revenue = 660 * N2 = N1320

Average Revenue = N1320 / 6 = 220

Therefore, the average revenue when 6 men are employed is 220.

Previous question Next question