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Social Science Clinic => Economics => Topic started by: ishan on Apr 19, 2019

Title: The formula q/ Lrepresents
Post by: ishan on Apr 19, 2019

Question 1

Hannah's House of Hotcakes serves 30 customers in an hour when it hires one worker. It serves 60 customers in an hour when it hires two workers. The marginal product of the second worker is ________ customers served per hour.

◦ 20
◦ 30
◦ 50
◦ 67.5

Question 2

The formula 
q/
L represents

◦ total product.
◦ the average product of labor.
◦ the capital-to-labor ratio.
◦ the marginal product of labor.

Title: The formula q/ Lrepresents
Post by: ashely1112 on Apr 19, 2019

Answer 1

30

Answer 2

the average product of labor.

Title: The formula q/ Lrepresents
Post by: ishan on Apr 19, 2019

Excellent

Title: The formula q/ Lrepresents
Post by: ashely1112 on Apr 19, 2019

Great! Please up vote :D

Title: Re: The formula q/ Lrepresents
Post by: Gunther Keller on Jul 2, 2020

👍

Title: Re: The formula q/ Lrepresents
Post by: Brendan Smith on Jul 3, 2020

Thank you