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Author Question: Graphically, the average productivity of labor would be illustrated by the slope of the marginal ... (Read 101 times)

Yi-Chen

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on: Jul 1, 2018
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.


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pikon

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Reply #1 on: Jul 1, 2018
Answer to Question 1

d

Answer to Question 2

c


Yi-Chen

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Reply #2 on: Jul 1, 2018
Correct answers!


pikon

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Reply #3 on: Jul 1, 2018
Great! Please up vote :D


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