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Author Question: Consider a basket-producing firm with fixed capital. The firm can produce 36 baskets per day with 3 ... (Read 19 times)

aeb093

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on: Oct 12, 2022
Consider a basket-producing firm with fixed capital. The firm can produce 36 baskets per day with 3 workers and then increases productivity to 44 baskets per day with 4 workers. Which of the following statements is true?
◦ The marginal product is above the average product.
◦ The firm has passed the point of diminishing average productivity.
◦ The marginal product of the fourth worker is 11.
◦ With 4 workers, the firm's average product of labour is 13.
◦ The firm has not yet reached the point of diminishing marginal productivity.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by aeb093 on Oct 12, 2022

Tussalpain

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Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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aeb093

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Reply 2 on: Oct 12, 2022
Great answer, keep it coming :)

JaynaD87

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

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