This topic contains a solution. Click here to go to the answer

Author Question: Graphically, the average productivity of labor would be illustrated by the slope of the marginal ... (Read 89 times)

Yi-Chen

  • Hero Member
  • *****
  • Posts: 550
Graphically, the average productivity of labor would be illustrated by the slope of the marginal productivity curve at the relevant point.
 a. the slope of the total product curve at the relevant point.
  b.
 c. the negative of the slope of the marginal productivity curve at the relevant point.
  d. the slope of the chord connecting the origin with the relevant point on the total output curve.

Question 2

The average productivity of capital is defined as the ratio of total capital employed to the total output produced.
 a. the extra output produced by employing one more unit of capital while holding other inputs constant.
  b. the extra output produced by employing one more unit of capital while allowing other inputs to vary.
  c. the ratio of total output produced to the quantity of capital employed.
  d.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

pikon

  • Sr. Member
  • ****
  • Posts: 361
Answer to Question 1

d

Answer to Question 2

c




pikon

  • Sr. Member
  • ****
  • Posts: 361

 

Did you know?

Normal urine is sterile. It contains fluids, salts, and waste products. It is free of bacteria, viruses, and fungi.

Did you know?

The Romans did not use numerals to indicate fractions but instead used words to indicate parts of a whole.

Did you know?

Many supplement containers do not even contain what their labels say. There are many documented reports of products containing much less, or more, that what is listed on their labels. They may also contain undisclosed prescription drugs and even contaminants.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

Signs and symptoms that may signify an eye tumor include general blurred vision, bulging eye(s), double vision, a sensation of a foreign body in the eye(s), iris defects, limited ability to move the eyelid(s), limited ability to move the eye(s), pain or discomfort in or around the eyes or eyelids, red or pink eyes, white or cloud spots on the eye(s), colored spots on the eyelid(s), swelling around the eyes, swollen eyelid(s), and general vision loss.

For a complete list of videos, visit our video library