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Author Question: Using the table above, for which of the following levels of employment does the average product of ... (Read 48 times)

sc00by25

  • Hero Member
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  • Posts: 596
on: Jun 29, 2018
Using the table above, for which of the following levels of employment does the average product of labor exceed the marginal product of labor at Decent Donuts?
 
  A) ten workers
  B) seven workers
  C) both of the above
  D) neither of the above

Question 2

If the relative price of pizza in terms of movies is 3, this means that
 
  A) the opportunity cost of a pizza is 3 movies.
  B) 3 pizzas can be traded for 9 movies.
  C) in terms of the dollars that must be spent to buy the product, pizza is more expensive than movies.
  D) All of the above answers are correct.


ktidd

  • Sr. Member
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  • Posts: 319
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

D


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