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EconomicsJAMB UTME2018

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Earlier discussion

3 older comments kept for context.

Seedorf

Answer is 220
AR=TR/Q
TR= Price × Units produced.
Q= Units sold (but in this case, No of men)

Average revenue when 6 men are employed
TR= 2×660 = 1320
Q= No of men = 6
AR= 1320/6 = 220

Charlse

600/6=110×3=330

Doctor Strange

Average revenue is obtained by dividing the total revenue by the number of units sold. Thus we have;

\(\frac{660}{6}\) = 110