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Author Question: If 11 workers can produce a total of 54 units of a product and a 12th worker has a marginal product ... (Read 137 times)

809779

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on: Jun 29, 2018
If 11 workers can produce a total of 54 units of a product and a 12th worker has a marginal product of 6 units, then the average product of 12 workers is
 
  A) 60 units. B) 54 units. C) 48 units. D) 5 units.

Question 2

If price exceeds average variable cost but is less than average total cost, a firm
 
  A) should shut down.
  B) should further differentiate its product.
  C) should stay in business for a while longer until its fixed costs expire.
  D) is making some profit but less than maximum profit.
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
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irishcancer18

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Reply #1 on: Jun 29, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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809779

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

milbourne11

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Reply 3 on: Yesterday
Excellent

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