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Author Question: The division of labor and specialization explain A) why the average product of labor falls when ... (Read 62 times)

a0266361136

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on: Jun 29, 2018
The division of labor and specialization explain
 
  A) why the average product of labor falls when firms use more capital or change the layout of their businesses.
  B) why, when the marginal product of labor increases, so does the average product of labor.
  C) why the marginal product of labor rises as a firm hires its first units of labor.
  D) why firms may find it profitable to use more workers when the marginal product of labor is negative.

Question 2

Refer to Figure 13-8. What is the profit-maximizing output level?
 
  A) 22 cases B) 24 cases C) 30 cases D) 38 cases
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
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wfdfwc23

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

A


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