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How is the value of the average product calculated in the short-run? 1. By dividing the total product by the number of labor. 2. By dividing the…

CUET UG 2025 — Economics Micro

2025mcqeasy

How is the value of the average product calculated in the short-run?

  1. By dividing the total product by the number of labor.
  2. By dividing the change in total product by the change in labor.
  3. By dividing the change in total product by the number of labor.
  4. By dividing the total product by the change in labor.
Official previous-year question

Held on 28 May 2025 · Verified 13 Jul 2026.

Options

  1. A

    By dividing the total product by the number of labor.

  2. B

    By dividing the change in total product by the change in labor.

  3. C

    By dividing the change in total product by the number of labor.

  4. D

    By dividing the total product by the change in labor.

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