Using the product schedule, 3 units of labour yield a total product of 330 units. What is the average product (AP) of labour at this level?

1. Average product is total product divided by the number of units of the variable factor: $AP = \frac{TP}{L}$. 2. Here $TP = 330$ and $L = 3$. 3. So $AP = \frac{330}{3} = 110$ units. 4. The answer is 110 units. _Source: ICAI BoS CA Foundation Paper 4 Business Economics, Ch 3 Unit I "Theory of Production", p.17_