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Social Science Clinic => Economics => Topic started by: schs14 on Jun 29, 2018

Title: If another worker adds 9 units of output to a group of workers who had an average product of 7 ...
Post by: schs14 on Jun 29, 2018

If another worker adds 9 units of output to a group of workers who had an average product of 7 units, then the average product of labor
 
  A) will decrease.
  B) will remain the same.
  C) will increase.
  D) and what will happen to it cannot be determined.

Question 2

Refer to Table 13-3. What are the profit-maximizing/loss-minimizing output level and price?
 
  A) Q = 0 (firm should not produce) B) Q = 3; P = 18
  C) Q = 4; P = 17 D) Q = 5; P = 16

Title: If another worker adds 9 units of output to a group of workers who had an average product of 7 ...
Post by: alvinum on Jun 29, 2018

Answer to Question 1

C

Answer to Question 2

C

Title: If another worker adds 9 units of output to a group of workers who had an average product of 7 ...
Post by: schs14 on Jun 29, 2018

Thank you :)

Title: If another worker adds 9 units of output to a group of workers who had an average product of 7 ...
Post by: alvinum on Jun 29, 2018

Happy to help you

Title: Re: If another worker adds 9 units of output to a group of workers who had an average product of 7 .
Post by: Noah Donovan on Dec 14, 2021

thank you