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Author Question: Quantity of Labor (workers)0123456Total Product (units per hour)0259151817 The table above shows the ... (Read 192 times)

evelyn o bentley

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Quantity of Labor (workers)0123456
Total Product (units per hour)0259151817


The table above shows the total product schedule for The X Firm. The average product of labor is maximized at ________ workers because ________.
◦ 4; productivity is maximized when the 4th worker is employed
◦ 3; output starts to decrease with the 4th worker
◦ 5; output is maximized with the 5th worker
◦ 4; the marginal product of labor is increasing with the 4th worker
◦ 5; the APL exceeds the MPL for the 5th worker


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Marked as best answer by evelyn o bentley on May 24, 2019

Anna

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evelyn o bentley

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Reply 2 on: May 24, 2019
:D TYSM


daiying98

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

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