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Author Question: Average product of labor is equal to ________. A) total product multiplied by the quantity of ... (Read 142 times)

FButt

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on: Jun 29, 2018
Average product of labor is equal to ________.
 
  A) total product multiplied by the quantity of labor employed.
  B) the total product produced
  C) the quantity of labor employed divided by total product
  D) total product divided by the quantity of labor employed

Question 2

Moving along a given budget line
 
  A) prices and real income both decrease.
  B) prices fall and real income is constant.
  C) real income decreases and prices are constant.
  D) prices and real income are constant.


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jojobee318

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

D

Answer to Question 2

D


FButt

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

skipfourms123

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Reply 3 on: Yesterday
Excellent

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